Understanding the Market | MININGLAMP-W fell over 7% on the second day of listing after surging over 100% yesterday

MININGLAMP-W fell over 7% on the second day of its listing, after closing up 106.1% yesterday. As of the time of writing, it has dropped 7.23%, trading at HKD 269.6, with a transaction volume of HKD 133 million. The company specializes in data intelligence products and is expected to become China's largest data intelligence application software supplier by 2024. The IPO subscription amount was HKD 352.4 billion, with an oversubscription of 3462 times. Revenue for 2022-2024 is projected to be HKD 1.269 billion, HKD 1.462 billion, and HKD 1.381 billion, respectively, with an operating profit of HKD 6.1 million in the first half of 2025, marking its first turnaround to profitability