On May 20, Tuopu CNC surged 45.05% in regular trading on its listing debut, trading at HKD 37.08 per share with turnover of HKD 478 million, representing a significant premium over its IPO price of HKD 26.39.

The sharp gain was driven by the company's highly anticipated debut as the first commercial aerospace stock on the Hong Kong Stock Exchange. The public offering attracted approximately 3,764.63x oversubscription, with margin financing totaling nearly HKD 499.1 billion, reflecting extraordinary market enthusiasm. The global offering comprised 65.33 million H shares at HKD 26.39 per share, raising net proceeds of approximately HKD 1.606 billion. Cornerstone investors include Goldman Sachs, UBS, Huaxia Fund, Fullgoal Fund, and the Shanghai Minhang District government investment fund, collectively subscribing approximately USD 110 million.

The company specializes in five-axis CNC machine tools for aerospace applications, serving as a key equipment supplier for C919 aircraft skin and structural component manufacturing. With C919 delivery targets set at 45 units this year representing nearly 300% year-over-year growth, upstream demand for high-end manufacturing equipment is expected to accelerate significantly.

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