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October 11, 2019

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360 Ludashi gains 220% in HK debut

Chinese software developer 360 Ludashi Holdings surged almost 220 percent yesterday on its debut on the Hong Kong stock market.

Ludashi, which raised HK$162 million (US$20.8 million) from its initial public offering, is the latest domestic tech firm listed in Hong Kong.

Ludashi closed at HK$8.60 yesterday, jumping 218.52 percent.

Founded in 2014, Ludashi is a computer system optimization and security firm, which was recently spun off from China’s biggest Internet security firm Qihoo 360. It now has more than 600 million users, mainly desktop computer and Android smartphone users.


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