On July 16, Nexchip Semiconductor (02249.HK) fell 3.08% in regular trading, trading at 31.84 HKD/share, with turnover of approximately 39.10 million HKD. The stock once again broke below its July 10 IPO price of 32.30 HKD.
On the news front, large-scale position transfers have intensified selling pressure on the newly listed H-shares. On July 15, the company saw position changes totaling 351 million HKD in market value, representing 5.50% of issued H-shares, with 4.5527 million shares transferred out of HSBC Hong Kong and 9.134 million shares transferred into CICC Hong Kong Securities. This followed a separate transfer on July 14 worth 479 million HKD, representing 7.39% of issued H-shares. Since listing on July 10 at a price of 32.30 HKD per share with net proceeds of approximately 6.779 billion HKD, the stock has struggled to maintain its IPO price, with consecutive large position movements raising concerns about near-term overhang among market participants.
(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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