XIAO NOODLES saw a price drop on its first day of listing | Mo Haonan
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On its first day of listing, XIAO NOODLES (2408) saw its stock price drop from the IPO price of $7.04 to a closing price of $5.08. The article points out that the company's products are pre-prepared dishes, raising market doubts. Independent stock commentator Mo Haonan believes that pre-prepared dishes are not the issue; the key lies in taste and hygiene. The price fluctuations on the first day of listing are unrelated to the company's fundamentals and reflect market speculation
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