Stock Track | Lung Fung Group Plummets 16.02% in Intraday Trading on Weak Market Debut

Stock Track09:34

Lung Fung Group's stock plummeted 16.02% during intraday trading on Friday, following its initial public offering on the Hong Kong Stock Exchange.

The company made its market debut with shares opening significantly lower than their initial public offering price. The final offer price was set at HK$5.18 per share, but the stock opened at HK$4.32, representing a substantial discount to the IPO price.

Lung Fung Group is a leading Hong Kong-based retailer operating a chain of stores selling cosmetics, health products, and pharmaceuticals. According to market research, the company held the position of the third-largest retailer in Hong Kong's cosmetics, health, and pharmaceutical market by retail sales for the 2025 fiscal year.

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