In September, there were 12 new stocks added to the Hong Kong stock IPO rush. On the first trading day, 7 of them fell below the offer price. Overall, it was not easy to make money, and profits mainly came from a small number of “meat” subscriptions.
The most extreme case was Huan Chuang Technology, which jumped +265.68% on day one—about HK$15,600 profit for one lot;
United Robotics rose +153.84% on day one—about HK$4,446 profit for one lot.
On the other hand, MicroTech fell -42.93% on day one—about HK$662 loss for one lot.
By late September, several stocks also diverged significantly: Jingwang Electronics and Benmo Technology made money, while Robotech and Tongcheng New Materials both fell below the offer price.
The most extreme case was Huan Chuang Technology, which jumped +265.68% on day one—about HK$15,600 profit for one lot;
United Robotics rose +153.84% on day one—about HK$4,446 profit for one lot.
On the other hand, MicroTech fell -42.93% on day one—about HK$662 loss for one lot.
By late September, several stocks also diverged significantly: Jingwang Electronics and Benmo Technology made money, while Robotech and Tongcheng New Materials both fell below the offer price.
