On July 9, Luxshare Precision fell 4.95% in regular trading, trading at 59.45 HKD/share with turnover of HKD 1.662 billion, breaking below its IPO price of 63.28 HKD on the first day of Hong Kong listing.

On the news front, Luxshare Precision H-shares officially debuted on the Hong Kong Stock Exchange after pricing at the top of the range at 63.28 HKD per share, raising approximately HKD 24.27 billion in the largest Hong Kong IPO of the year. However, the stock opened below its issue price, extending weakness from the prior day's dark pool session which had already closed down approximately 5% at 60.15 HKD. Despite robust institutional demand — with international placement garnering 9.46x oversubscription, public offering seeing 3.78x oversubscription, and 26 cornerstone investors locking in USD 1.5 billion — significant short-term selling pressure overwhelmed bullish sentiment, resulting in the first-day break below issue price.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)