Movement Alert|SENASIC Rises 6.44% in Regular Trading, Technical Rebound After Post-IPO Pullback of Over 25%

Market Focus06-24

On June 24, SENASIC rose 6.44% in regular trading, trading at HK$33.54/share, with turnover of HK$2.9776 million. The stock experienced a technical rebound after retreating more than 25% from its first-day closing price.

SENASIC listed on the Hong Kong Stock Exchange on June 17 at an offer price of HK$18.36, surging 127.12% on its debut to close at HK$41.70. The stock subsequently declined for consecutive sessions, falling to as low as HK$30.88 on June 22. The rebound comes after the sharp correction brought the stock closer to a consolidation level, though shares remain approximately 68% above the IPO price.

During its public offering phase, SENASIC attracted over 5,144 times oversubscription. The company is backed by CATL subsidiary Chendao Capital, which invested across three consecutive funding rounds. Positioned as the first Physical AI edge-side sensing and computing chip stock on the Hong Kong market, SENASIC ranks as the third-largest global and largest Chinese automotive wireless sensing SoC supplier by revenue, with cumulative shipments exceeding 241.9 million units.

(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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