Hong Kong financial daily; first-day close performance

Reports all three debuted strongly: Crealights (chip-interconnect) closed +44.7% at HK$165 vs HK$114 issue price; Alebund Pharmaceuticals closed +104%, doubling on debut; Baige Online Digital surged +369% to HK$73 from HK$15.60 issue, the standout IPO of the day. The combined outsized performance adds momentum to the HKEX revival thesis.

“Crealights +44.7%, Alebund +104%, Baige +369% on debut, three Hong Kong IPOs all rise strongly in first-day trade.”