Victory Giant Surges in Debut After Biggest Hong Kong Listing This Year

Victory Giant Technology Huizhou Co., a Chinese supplier of Nvidia Corp., surged 50% in its Hong Kong trading debut after raising $2.6 billion in the city’s largest listing in seven months.

The shares rose to close at HK$315.00 on Tuesday, compared with a listing price of HK$209.88 each. The listing priced at the maximum and attracted thirty-seven cornerstone investors — which get guaranteed allocation in exchange for holding the shares for at least six months — buying about $997 million worth of stock. The stock jumped 74% in gray-market trading before the debut.