Nvidia Supplier Victory Giant Shares Jump Up to 60% in Hong Kong Debut

Shares of Victory Giant Technology surged as much as 60% on their trading debut in Hong Kong, following the company’s blockbuster initial public offering.

The company, a supplier to Nvidia, priced its shares at HK$209.88, with the stock later trading around 46% higher at HK$306.8.

Victory Giant raised approximately HK$20.1 billion ($2.57 billion), marking the largest IPO in Hong Kong this year and the biggest listing in the city in about seven months.

Strong Demand Despite Market Volatility

Investor appetite for technology listings remained strong despite ongoing geopolitical uncertainty linked to Middle East tensions.

According to a report by KPMG, Hong Kong’s IPO market raised HK$109.9 billion across 40 listings in the first quarter of 2026, significantly higher than the same period last year.

Technology-focused listings accounted for nearly 80% of total funds raised, highlighting continued interest in the sector.

IPO Momentum Continues

Victory Giant’s listing follows a series of strong debuts in Hong Kong’s tech sector.

Recent IPOs include Montage Technology and MiniMax Group, both of which saw significant first-day gains.

Shares of Manycore Tech also surged sharply in its market debut last week.

Market analysts say the continued strength in listings reflects growing investor confidence in technology and semiconductor-related companies.