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Victory Giant IPO Performance
The stock performance comparison of Victory Giant during its debut compared to the offer price.
Primary Sources
Chinese circuit-board supplier Victory Giant jumps 57% in Hong Kong share debut | South China Morning Post
Victory Giant, a Chinese manufacturer of printed circuit boards (PCBs) for artificial intelligence and high-performance computing, rose by 57.23 per cent in its trading debut in Hong Kong on Tuesday, as investors rushed to tap into surging global demand for the hardware powering the AI infrastructure boom.Shares in the Guangdong-based company, a supplier to US chip leader Nvidia, opened at HK$330, versus the offer price of HK$209.88 – the maximum offer price. The firm raised HK$20 billion (US$2.6 billion) in its initial public offering (IPO), the largest in the city so far this year.On the grey market on Monday, the shares surged between 58.7 per cent and 60.2 per cent on major brokerage platforms in the city, after the retail tranche was oversubscribed 431.15 times during the share sale period.Victory Giant led PCB makers worldwide in revenue in the field of AI and high-performance computing in the first half of 2025, with 13.8 per cent of the market, up from seventh place and 1.7 per cent in 2024, the company said in its prospectus, citing Frost & Sullivan data.In 2019, Victory Giant established a high-density interconnect division to focus on the high-end boards needed for the graphics processing units used in AI applications. This allowed the company to enter Nvidia’s H-series AI accelerator supply chain in 2023, according to a report by National Business Daily. It was promoted to a tier-one supplier in 2024.Factory of Nvidia supplier Victory Giant Technology. Photo: HandoutVictory Giant’s listing comes as training and deployment of AI models and AI agents is expected to drive the need for more computing power this year, triggering explosive demand for high-end PCBs.
China's Victory Giant Technology soars nearly 60 percent in gray market, indicating gain of HK$12,000 per lot
China's Victory Giant Technology (HuiZhou) jumped nearly 60 percent in the gray market on Monday, ahead of its Tuesday debut.The printed circuit board maker’s shares were traded at HK$334 apiece on Futu’s over-the-counter platform, up by 59 percent from its offer price of HK$209.88, the top end of its indicative range. That translates to a paper gain of HK$12,412 per board lot of 100 shares. The company is selling 83.35 million shares for up to HK$17.5 billion, the biggest IPO in Hong Kong since September.
Nvidia supplier Victory Giant sees shares soar 60% in Hong Kong debut
Shares of Victory Giant Technology surged in what is Hong Kong's largest initial public offering debut so far this year.
Nvidia Supplier Victory Giant Set for Debut After Biggest Hong Kong Listing This Year
Victory Giant Technology Huizhou Co., a Chinese supplier of Nvidia Corp., surged as much as 60% in its Hong Kong trading debut after raising $2.6 billion in the city's largest listing in seven ...
