---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42572319.md"
description: "$ILUVATAR COREX(09903.HK) has plunged nearly 19%. This drop has a reason—the company is planning a share placement of at least $800 million in Hong Kong stocks. Since its listing, the stock has risen more than fourfold. The dilution from the placement combined with profit-taking has led to funds that had previously surged too fast starting to withdraw. The story of domestic GPGPU hasn't changed, but after a fourfold increase in a year, before a placement of this scale is finalized, it will likely take some time for the valuation to be digested."
datetime: "2026-07-10T10:08:41.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42572319.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42572319.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42572319.md)
author: "[股市游侠](https://longbridge.com/en/profiles/27713102.md)"
generator: "portal-rs"
---

# $ILUVATAR COREX(09903.HK) has plunged nearly 19%. …


### Related Stocks

- [09903.HK](https://longbridge.com/en/quote/09903.HK.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**