Movement Alert｜LIGENT Falls 5.02% in Regular Trading, Stabilization Period Ended and Over-Allotment Option Lapsed

Market Focus10-20

On October 20, LIGENT fell 5.02% in regular trading, with shares trading at HK$23.42 and turnover at HK$38.91 million.

The latest disclosed catalyst was the end of the IPO stabilization period on October 17, alongside the lapse of the over-allotment option, removing a near-term technical support factor for the stock.

Company filings showed that 25.80 million shares, equal to about 15% of the initial offer size, had been over-allocated in the international tranche. During the stabilization period, the stabilizing manager borrowed the same number of shares and repurchased 25.80 million shares in the market at prices ranging from HK$25.28 to HK$32.96, with the last purchase completed on October 16 at HK$26.88. No shares were issued under the over-allotment option after it was not exercised. The stock had listed on September 22 at an offer price of HK$32.96.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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