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[IPO Monthly Report] The Hong Kong IPO market saw a surge in subscription popularity and a significant decrease in the rate of IPOs breaking below the issue price in June. The expectations of the "Big Four" were mixed with both sorrow and joy.
In the first half of 2024, Hong Kong's IPO market continued its recent sluggish trend due to external market factors, global economic uncertainty, and cautious investor sentiment. The "Big Four" lowered their forecast for Hong Kong's annual IPO fundraising at the beginning of the year, but PwC expects Hong Kong's new IPO fundraising to exceed HKD 100 billion this year. PwC stated that the reduction in bearish factors, high demand for funding for business development, and the end of the interest rate hike cycle will bring back funds from Europe, America, and the Middle East to Asia, which is beneficial for market liquidity and valuation improvement. After six months of market baptism, PwC finally gave in and lowered Hong Kong's...
Is the once popular UBON Holdings (08529) now a lesson in what not to invest in, with a 25% stock price plummet just two weeks after going public?
What happened behind the market funds' abandonment of the hot new stock Youbo Holdings?
Hong Kong stock market anomaly: UBOX Holdings (08529) fell more than 15%, with a cumulative drop of nearly 40% in the first three days of listing and falling below the issue price. The company's performance is not optimistic.
Youyu Holdings (08529) fell more than 15%. Since its listing on Monday, the stock has been on a downward trend, and has fallen by nearly 40% in the past three trading days, dropping below the issue price of HK$0.5.
Hong Kong Stocks Rebound Following More Than Expected Growth in China's Manufacturing Sector
New IPO stock: UBOX Holdings Limited (08529) opened at HKD 0.53, 6% higher than the offering price.
Jingu Finance | UB Group Holdings (08529) was listed for the first time at HKD 0.53, up 6% from the IPO price. The total turnover was 225 million shares, with a turnover of HKD 137 million. Ignoring the handling fee, a profit of HKD 150 can be made per 5,000 shares. The stock opened at HKD 0.66, up 32% from the IPO price, with a high of HKD 0.68 and a low of HKD 0.51. The latest total market value is HKD 265 million.
TechInsights: Semiconductor assembly and packaging equipment sales fall 26% to $4.1 billion in 2023
According to TechInsights, semiconductor assembly and packaging equipment sales fell 26% to $4.1 billion in 2023.
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