GPIXEL's stock price fell sharply by 5.37% during intraday trading on Monday.
The decline follows the company's announcement that the overall coordinator has fully exercised the over-allotment option, involving an additional 9.7941 million H shares issued at HK$39.88 per share. This increase in share supply has created short-term dilution pressure on the stock price.
Despite the company reporting strong first-quarter results with revenue up 36% year-over-year and net profit surging 125%, the combined effect of the share expansion and short-term profit-taking is weighing on the stock's performance.
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