Qiyunshan Food (2797.HK) tumbled 30.9% in Hong Kong trading to HK$14.51 on July 9, 2026.

The company made its market debut yesterday with an IPO price of HK$8, closing up 162.5% at HK$21 and briefly surging over 200%. As a leader in the southern date food sector, its prospectus received 1,688-fold oversubscription. The stock is now undergoing a significant correction following yesterday's sharp rally.