On July 13, Rigol Technologies (00537.HK) fell 5.42% in regular trading, trading at HK$25.86/share, with turnover of HK$13.72 million.
The decline represents a continuation of the stock's persistent sell-off since its Hong Kong listing on July 9. The company priced its H-share IPO at HK$45.98 per share, but broke issue price on its debut, closing at HK$28.80 — a 37.36% drop. The stock has continued to slide in subsequent sessions, with cumulative losses from the offering price now exceeding 43%.
Market analysis highlights several headwinds: the company has seen revenue growth without corresponding profit increases over the past three years, holds only 1.2% global market share in electronic test and measurement instruments, and notably did not include a greenshoe stabilization mechanism in its IPO structure. Investors remain divided over its valuation exceeding 100x price-to-earnings, while the H-share discount to its A-share listing has widened to over 56%.
(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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