DSBJ (02384.HK) breaks issue price on debut: HK$86.80 offer, HK$86.15 close, down 0.75%

NewTimeSpace News: On 28 October, Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ, 02384.HK; 002384.SZ) debuted on the Main Board of HKEX, completing its A+H dual listing. DSBJ manufactures printed circuit boards (PCBs), precision components, touch panels and LCD modules (LCM), and optical modules, with products used in consumer electronics, automotive, data centres, communications equipment and industrial control equipment; it has been listed on the Shenzhen Stock Exchange since 2010.

The stock broke below its offer price at the open on the first trading day. The final offer price was HK$86.80 per share, while the shares opened at HK$82.40, down 5.07%. Grey market trading on the preceding day had already weakened, opening 9.1% lower and falling nearly 19% at one point intraday.

At the close on 28 October, the shares stood at HK$86.15, down 0.75% from the offer price, giving a total market capitalisation of HK$167.595 billion; based on a board lot of 100 shares, a successful subscriber was down about HK$65 per lot on paper.