Chinese electronics manufacturer Lingyi iTech, which is already listed in Shenzhen, plans to go public on the Hong Kong Stock Exchange on Friday. The company raised HK$8.3 billion (US$1.06 billion) through the stock issuance, with the offering price set at HK$10.18 per share, at the top end of the marketing range, attracting cornerstone investors such as GF Fund Management, Qube Research & Technologies, and Value Partners Group. On Thursday, the stock surged by as much as 22% in the grey market, with its offering price representing a 51% discount to the closing price of its A-shares on Thursday. The listing marks the largest deal in Hong Kong since April this year, with new stock issuances expected to exceed US$5 billion this month, following the listings of over 20 companies in June. Driven by the boom in technology company listings, Hong Kong's IPO market has performed strongly this year, with research projecting that the full-year financing from stock listings will exceed US$43 billion, hitting a six-year high.