Two new stocks listed, BEFAR GROUP lost 650 yuan per hand

The two new stocks debuted, Nexchip (02249) closed flat, while Befar (06745) fell over 18%, resulting in a loss of HKD 650 per lot.

Nexchip prospectus cover

Nexchip (02249) reached a high of HKD 36.8, up 13.93% from the offer price of HKD 32.3, and closed flat.

Befar H shares (06745) debuted below the offer price, closing at HKD 2.83, down 18.7% from the offer price of HKD 3.48, resulting in a paper loss of HKD 650 per lot; a total of 72.96 million shares were traded, involving HKD 211 million.

Nexchip raised a net amount of approximately HKD 6.779 billion. The public offering was oversubscribed by 343.26 times, with a lot size of 100 shares and a winning rate of 8%.

Befar's final offer price for each H share was HKD 3.48, close to the upper limit of the offer range of HKD 3.05 to HKD 3.59, which is 3% lower than the upper limit, with an oversubscription of approximately 226.58 times

The performance of the two new stocks on their first listing showed divergence: wafer foundry Nexchip closed flat, up 13.93% compared to the offering price; BEFAR GROUP's H shares broke below the issue price, closing down over 18%, with a paper loss of about HKD 650 per lot

The two new stocks debuted, Nexchip (02249) closed flat, while Befar (06745) fell over 18%, resulting in a loss of HKD 650 per lot.

Nexchip prospectus cover

Nexchip (02249) reached a high of HKD 36.8, up 13.93% from the offer price of HKD 32.3, and closed flat.

Nexchip raised a net amount of approximately HKD 6.779 billion. The public offering was oversubscribed by 343.26 times, with a lot size of 100 shares and a winning rate of 8%.