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Amid the hustle and bustle of the market, the IPO of Chinese company Visionary Energy (Shanghai) Co., Ltd., known as Visionary Energy (06656.HK), was formally listed on the Hong Kong Stock Exchange after a four-year journey. The company’s market value exceeded HK$160 billion on the debut day, surpassing many established domestic clean energy leaders, yet Visionary Energy has been in existence for less than four years. Even during the IPO stage, Visionary Energy showcased tremendous attractiveness—Hong Kong’s public offering was oversubscribed by 1102.05 times, international offering by 31.2 times, with a final offer price of HK$324.2 per share. One day…
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