China's PCB leader Sheng Hong Technology has landed on the Hong Kong stock market, boosted by the artificial intelligence craze, and its dark trading at one point soared 74%.

Success Technology, which received subscription from Hillhouse Capital and others, will start trading in Hong Kong on Tuesday. As the largest IPO project in Hong Kong this year, it is expected to attract investors on its first day of listing. The H-share issue price of this printed circuit board manufacturer is 209.88 Hong Kong dollars, which is at the higher end of the offering range, with a significant discount compared to its A-share closing price of 343 RMB on Monday. In the grey market trading on Monday, the stock surged by 74%. Prior to this, Success Technology's Hong Kong listing received multiple subscriptions from institutional investors, with cornerstone investors including Hillhouse Capital and Yunfeng Fund supported by Jack Ma participating in the offering.