Shares of Chinese fibre-optic communications equipment maker Ligent Technologies surged as much as 19.2% in their Hong Kong debut on Tuesday, after the company raised HK$5.67 billion ($722.70 million) through its initial public offering, Reuters reported.
The stock opened at HK$36.60 and climbed to a high of HK$39.30 before paring gains. It was last trading at HK$36.20, up 9.8% from its IPO price of HK$32.96.
