On June 26, Creality 3D (03388.HK) fell 5.46% in regular trading, trading at HK$23.80 per share, with turnover of approximately HK$4.16 million.
On the news front, the company announced on June 25 that the sponsor has fully exercised the over-allotment option, involving approximately 11.01 million H shares, representing about 15.0% of the shares initially available under the global offering, issued at HK$18.80 per share, generating additional net proceeds of approximately HK$199 million. Concurrently, the stabilization price period officially ended on June 25, meaning the price support mechanism previously used to stabilize the stock has been withdrawn.
With the stabilization period concluded, the market lacks market-making support. Combined with expectations of supply expansion from the over-allotment shares expected to commence trading on June 30, short-term selling pressure has intensified. The stock had listed on May 29 at an IPO price of HK$18.80 and surged over 80% on debut before gradually retreating in subsequent sessions.
(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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