Four new stocks listed on the Hong Kong stock market this year all fell below their issue prices on the first day of trading

On December 22, four companies listed on the Hong Kong stock market collectively experienced a decline on their first trading day, namely B&K CORP-B, BENQ HOLDING, NANHUA FUTURES, and IMPRESSION DHP, with first-day drop rates of 29%, 49%, 24%, and 35% respectively. This marks the first occurrence in 2025 of four new stocks collectively declining on their first trading day in the Hong Kong stock market. BENQ HOLDING set a record for the largest first-day drop among new stocks in the Hong Kong market this year. The overall performance of the Hong Kong stock market is under pressure, with an increase in the number of IPOs, average fundamental performance, leading to greater pressure on new stock issuances. The first-day drop rate for Hong Kong IPOs this year is 29%, with nearly half of the new stocks in the fourth quarter experiencing declines

Brief News: Low-priced fundraising of only 100 million, IMPRESSION DHP closed down 25%

On its first day of listing in Hong Kong, IMPRESSION DHP Co., Ltd. saw its stock price drop by 25%, with each share priced close to the lower end, raising a net amount of HKD 103.6 million. The company's revenue mainly relies on the performance of "IMPRESSION DHP," facing risks of seasonality and declining audience interest

Today, four new stocks were listed on the Hong Kong stock market: IMPRESSION DHP, B&K CORP-B, BENQ HOLDING, and NANHUA FUTURES. As of the morning closing, they fell by 25%, 8.5%, 42.3%, and 20.7%, respectively

The first day opening price of IMPRESSION DHP is reported at 3.26 yuan, 9.4% lower than the listing price

IMPRESSION DHP closed at 3.44 yuan in the dark market yesterday, 4.4% lower than the listing price. Today is the first day of listing, opening at 3.26 yuan, 9.4% lower than the listing price of 3.6 yuan, with a trading volume of 22.395 million shares during the opening period

The public offering of IMPRESSION DHP was oversubscribed by 3,396 times, with a 0.8% chance of winning one lot

IMPRESSION DHP was oversubscribed by 3,396 times in its public offering, with a one-hand allotment rate of only 0.8%. The international offering recorded a subscription of 1.91 times, with a final offer price of HKD 3.6, raising a net amount of HKD 104 million. The shares are expected to be listed on Monday (22nd)