On July 16, Luxshare Precision (02475.HK) fell 3.1% in regular trading, trading at 60.95 HKD/share, with turnover of HKD 313 million. The stock has now declined over 3% from its IPO offer price of HKD 63.28.
The decline reflects ongoing post-IPO selling pressure since the company listed its H shares on the HKEX on July 9 as Hong Kong's largest IPO this year, raising approximately HKD 24 billion. The stock broke below its offer price on the first day of trading and has remained underwater since. On the supply side, while 48.44% of shares are locked up by cornerstone investors for six months, concentrated stop-loss selling from international placement participants has formed the primary source of selling pressure.
Market concerns persist over the company's heavy reliance on consumer electronics, which accounts for over 80% of revenue, and Apple as a single customer contributing 56.7% of total revenue. Additionally, recent weakness in the A-share listing has created an AH linkage drag effect on the Hong Kong-listed shares.
(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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