New stock first day | Tianyu Semiconductor (02658.HK) first listed, opened 34.48% lower in early trading. The company is a manufacturer of silicon carbide epitaxial wafers.

According to the Wise Finance APP, Tengtu Semiconductor (02658.HK) made its debut on the stock market with an initial offering price of HK$58 per share. The company issued a total of 30.705 million shares, with each lot consisting of 50 shares. The net proceeds from the offering are approximately HK$1.673 billion. As of the time of writing, the stock has fallen by 34.48% to HK$38, with a trading volume of HK$57.336 million.