China’s Baige Online surges over 300% in Hong Kong debut trade
Shares of Chinese insurtech company Baige Online Digital Technology Co (HK:2672) surged in their Hong Kong trading debut on Monday, extending a string of strong performances by newly listed mainland Chinese firms in the city’s IPO market.
The stock surged as much as 333% to HK$67.5 as of 06:06 GMT, significantly above its initial public offering price of HK$15.60 per share.
Baige Online raised HK$520 million at HK$15.60 — the bottom of its marketed range.
The Xiamen-based company provides technology-enabled insurance intermediary services and markets itself as an “AI-plus-insurance” platform. According to its prospectus, it ranked first among China’s third-party scenario-based internet insurance intermediaries in 2025, with a 3.1% market share.
Baige’s debut comes as Hong Kong experiences a resurgence in equity fundraising activity, fueled by strong investor appetite for Chinese technology, artificial intelligence and growth-oriented companies.
