Watch Desk posted an update
Dongshan Precision shares fell as much as 6 per cent on their Hong Kong debut on Wednesday, before recovering slightly to trade 4.6 per cent lower at 9.45am, the South China Morning Post reports. The circuit-board maker supplies components for AI servers.
Why it mattersDongshan priced 113.8 million shares at HK$86.80 each, 7.5 per cent below its indicative maximum and 27 per cent below Tuesday’s Shenzhen close. The weak debut is a fresh market signal for an AI hardware supplier, though one share-price move is not a verdict on the wider sector.
Discuss: Does a weak debut for an AI server supplier signal cooling investor appetite for the hardware boom, or is one listing too small a test?
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