Three New Stocks Debut on Hong Kong Exchange; White Pigeon Online Surges 3.68x to HK$73

Three new stocks listed on Hong Kong Exchange today, all closing higher on their first day of trading. Insurance technology company White Pigeon Online (02672) surged 3.68 times to close at HK$73 from its IPO price of HK$15.6, marking the strongest performer among the trio. Biopharmaceutical firm Luokang Medical (09637) closed up 1.04 times at HK$46 from HK$22.6, while photonic interconnect provider Hi-Light Semiconductors (01191) rose 44.74% to HK$165 from HK$114. The three companies raised a combined net amount of approximately HK$30.62 billion.
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