Lung Fung Tumbles Over 15% on Debut, Last at HK$4.4
NewTimeSpace News: Lung Fung Group was listed on HKEX Main Board today. As of press time, its share price stood at HK$4.4, down HK$0.78 or 15.06% versus the IPO offer price of HK$5.18 per share.
NewTimeSpace News: Lung Fung Group Holdings Limited (02290.HK) was officially listed on the Main Board of Hong Kong Stock Exchange on June 5, 2026. As of press time, the stock traded at HK$4.4, representing a decline of HK$0.78 or 15.06% against the final offer price of HK$5.18.
The IPO subscription period ran from May 28 to June 2, with the final offering price fixed at the bottom end of the indicative range of HK$5.18–HK$6.38 per share. The company globally offered 125 million H-shares in total, with each trading board lot comprising 500 shares, translating to an initial entry cost of HK$3,222.17 per lot. Net proceeds raised from the IPO amounted to approximately HK$599.6 million.
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