Omnivision Integrated Circuits, a company specializing in chip design, had a successful first day of trading on the Hong Kong Stock Exchange after raising HK$4.8 billion (US$616 million) through an initial public offering (IPO). The stock rose by approximately 7.5% on Monday, compared to the offer price of HK$104.8 per share. In contrast, the company's stock listed on the Shanghai Stock Exchange fell by about 1.5%, retreating from its previous gains. Omnivision reported revenues of 25.7 billion yuan (US$3.6 billion). The company was ranked among the top ten global chip design firms in 2024, positioning itself alongside world giants including Nvidia.
