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New Gonow RV Ends Stabilization Period, Confirms Public Float Compliance
The period of stable pricing for New GIAO RV (00805.HK) has ended, there will be no stable pricing actions, and the overallotment rights have expired.
On February 7, Glorious Group announced that the stabilization price period for the Global offering ended on February 7, 2025 (Friday), which is the 30th day after the deadline for submitting the application for public offering in Hong Kong. As there was no oversubscription in the international offering, the overall coordinator (for itself and on behalf of the international underwriting agents) did not exercise the over-allotment option during the stabilization price period, and the stabilizing agent or anyone acting on its behalf did not take any stabilization actions during the stabilization price period. The over-allotment option expired on February 7, 2025 (Friday), which is the date of submission.
New Ji'ao RV (00805.HK): A coexistence of scarcity and growth, demonstrating long-term value.
Since 2025, the enthusiasm of companies to list in Hong Kong remains high, with 11 new stocks entering the Hong Kong stock market from January 1 to 15. Among these new stocks, there are also high-quality symbols worth long-term investment. "China's first RV stock" - New Ji'ao RV is such a sample. In my view, New Ji'ao RV has obvious scarcity, a leading market position, and brand influence, and it is deeply engaged in the RV markets of Australia and New Zealand, fully aligning with the investment logic of "good track + good player", which will support its continuous value creation. With both superior growth speed and quality, it reflects strong strength intuitively.
Hong Kong stocks move | New Jiaao motorhome (00805) fell over 11% on the second day of listing, down more than 38% from the offering price.
On the second day of its listing, New Giao RV (00805) fell over 11% again, reaching a low of 0.78 Hong Kong dollars, which is a 38% decline from the offering price of 1.27 Hong Kong dollars. As of the time of writing, it has dropped by 11.22%, priced at 0.87 Hong Kong dollars, with a trading volume of 0.7435 million Hong Kong dollars.
A sharp drop of 22.83%! The first RV stock, New Jiao, encountered a cold reception and failed to maintain its IPO price on the first day of listing.
① In the face of the New energy Fund wave, New Gio caravans are also actively seeking transformation, developing new energy electric caravans. It is expected to be launched in Australasia by the end of 2025; ② Analysts have pointed out that there are many participants in the caravan Industry, but the industry concentration is low, making effective integration difficult in the near future. Therefore, the overall market size is relatively small and the incremental growth is limited, which makes it challenging for the Industry to achieve breakthrough growth in the short term.
China's first RV stock has been born! The long-term value of Xinjiao RV (00805.HK) will continue to be gradually released.
On January 13th, New Jiliao RV officially listed on the Hong Kong Stock Exchange, earning the title of "the first RV stock in China." As of the time of writing, it is reported at HKD 1.05, with a total market value reaching 1.008 billion yuan. Looking to the future, the long-term investment logic of the new stock still needs to return to fundamentals. For New Jiliao RV, successfully listing on the Hong Kong Stock Exchange will help enhance its brand recognition and competitiveness in the international market, which will also become the "tailwind" for its new round of accelerated growth. There is reason to believe that its value release has just begun, with more significant long-term investment value. Here, the author summarizes its investment highlights as follows: 1. Selected optimally within the sector.
