Delton Shares Gain 34% in HK Debut After $421 Million Listing

Delton Technology Guangzhou Inc.’s shares rose in their Hong Kong trading debut after the Chinese circuit board maker raised HK$3.3 billion ($421 million) in a listing.

The shares closed 34% higher on Friday at HK$96, compared with an offer price of HK$71.88 apiece. The company’s Shenzhen-listed stock fell 4.9%. That compares with a weighted average fist-day gain of 22.1% in Hong Kong for listings of that raised at least $400 million over the past year.