Stock Track | UISEE TECH Plummets 13.68% on Hong Kong Debut as Shares Open Below IPO Price

Stock Track

May 20

UISEE TECH's stock plummeted 13.68% during intraday trading on Wednesday, marking a sharp decline on its first day of trading.

The Chinese autonomous driving technology company debuted on the Hong Kong Stock Exchange with shares opening at HK$56 each, significantly below its initial public offering price of HK$60.30 per share. This opening gap immediately put pressure on the stock, leading to the substantial intraday drop.

UISEE TECH raised approximately HK$795.4 million from its IPO, with the Hong Kong public offering being oversubscribed by 6,777.29 times and the international offering oversubscribed by 5.66 times. The company specializes in L4-level autonomous driving solutions for commercial vehicles in enclosed scenarios such as airports and industrial parks.

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This opening gap immediately put pressure on the stock, leading to the substantial intraday drop.</p><p>UISEE TECH raised approximately HK$795.4 million from its IPO, with the Hong Kong public offering being oversubscribed by 6,777.29 times and the international offering oversubscribed by 5.66 times. The company specializes in L4-level autonomous driving solutions for commercial vehicles in enclosed scenarios such as airports and industrial parks.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01511","symbol_name":"驭势科技","start_time":0,"source_url":"","article_id":"1100357935","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100357935","pubTimestamp":1779240912,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"UISEE TECH's stock plummeted 13.68% during intraday trading on Wednesday, marking a sharp decline on its first day of trading.The Chinese autonomous driving technology company debuted on the Hong...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01511":"驭势科技"},"translate_title":"个股轨迹|驭势科技港股上市暴跌13.68%股价低于招股价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01511":1},"content_text":"UISEE TECH's stock plummeted 13.68% during intraday trading on Wednesday, marking a sharp decline on its first day of trading.The Chinese autonomous driving technology company debuted on the Hong Kong Stock Exchange with shares opening at HK$56 each, significantly below its initial public offering price of HK$60.30 per share. 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