According to CoinMeta, Dongshan Precision fell by about 3% on its first trading day in Hong Kong. This Chinese circuit board manufacturer produces components for artificial intelligence servers and successfully raised 9.88 billion Hong Kong dollars (approximately $1.26 billion), with an issue price of HK$86.80 per share, which was lower than the upper limit of its price range. The public offering in Hong Kong was only subscribed to 0.52 times, while the international placement was covered 3.17 times, according to Reuters.