According to @CNBC, shares of China’s Sany Heavy Industry traded flat on their Hong Kong debut after a $1.6 billion IPO on Oct 28, 2025, signaling no notable first-session price move relative to the offer per the source. According to @CNBC, the update provided no additional details on intraday volatility or demand indicators. According to @CNBC, the source did not cite any direct implications for cryptocurrency markets.

According to @business, Sany Heavy Industry has begun taking investor orders to raise up to HK$12.4 billion (US$1.6 billion) via a Hong Kong listing (source: Bloomberg/@business, Oct 20, 2025). According to @business, the offering is part of a broader wave of Chinese companies tapping Hong Kong’s hot market (source: Bloomberg/@business, Oct 20, 2025).