Mainland online rideshare service provider and semi-new stock CHENQI TECH (09680.HK)  0.000 (0.000%)   , which was listed on 10 July, opened 2% higher today (19 July) and then descended along with the market, dropping to a new listing low of $20.6. It is now trading at $21.95, crashing 12.2%, with a volume of 58,700 shares, involving a capital of $1.2892 million. Based on the listing price of $35, the current price is about 37.3% lower than the listing price.

CHENQI TECH was founded by GAC GROUP (02238.HK)  0.000 (0.000%)    Short selling $33.37M; Ratio 62.283%   and TENCENT (00700.HK)  0.000 (0.000%)    Short selling $448.25M; Ratio 12.543%   , with cornerstone investors including Guangzhou Automobile Industry Group, Pony AI, DiDi Global's subsidiary Voyager, and WeRide. THe company raised a net of $969 million from the listing. The stock rose to a record high of $40.05 on the following day, before tumbling downwards.

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DIDA INC (02559.HK)  0.000 (0.000%)   , another recently-listed IPO that debuted at the end of last month, is now trading flat at $2.49, which is 58.5% below its $6 listing price. The stock raised $182 million in net proceeds.

Recently-listed IPOs traded individually. LAOPU GOLD (06181.HK)  0.000 (0.000%)   , which was listed at the end of last month, is the best performer. It is now at $81.2, slightly down 0.5%, but has already about doubled from the listing price of $40.5. On the other hand, KINGFARPROPERTY (01354.HK)  0.000 (0.000%)   , which was listed on 3 July, as well as VOICECOMM (02495.HK)  0.000 (0.000%)   and RUICHANG INTL (01334.HK)  0.000 (0.000%)   listed on 10 July, have risen by about 10-16% from the listing price. CARLINK TECH (02531.HK)  0.000 (0.000%)   , which was listed just this Monday (15 July) is now trading at $6.93, soaring 47.5% from its listing price of $4.7.

On the other hand, TIANJUDIHE (02479.HK)  0.000 (0.000%)   , ZHONGGAN COMM (02545.HK)  0.000 (0.000%)   and FANGZHOU JIANKE (06086.HK)  0.000 (0.000%)   , which have been listed since the end of last month, are now trading at about 22%, 69.6% and 43.4% higher than their listing prices respectively. CIRRUS (02507.HK)  0.000 (0.000%)   , which went public last Friday (12 July), is now about 10% lower than its listing price. BAIWANG CO (06657.HK)  0.000 (0.000%)   last printed at $35.35, around 1.8% below the listing price of $36.

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(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-09-05 16:25.)