On May 26, Lightelligence-P declined 5.48% in regular trading, trading at 582.0 HKD/share, with trading volume of approximately 67.25 million HKD. The drop was primarily driven by the conclusion of the global offering's price stabilization period and continued supply pressure from the over-allotment option exercise.

According to company announcements, the price stabilization period ended on May 23. Notably, the stabilization agent did not buy or sell any H shares in the market to stabilize the price during the entire stabilization period. The overall coordinator had previously fully exercised the over-allotment option involving approximately 2.0693 million H shares at a subscription price of 183.20 HKD per share, representing about 2.8% of pre-offering issued share capital. With the stabilization period now concluded, the market has lost a potential price support factor. Combined with ongoing profit-taking from early investors following the stock's IPO surge to a high of 1,050.0 HKD, the deteriorating supply-demand dynamics have intensified selling pressure on the stock.

Lightelligence is a company primarily engaged in optical interconnect and optical computing, offering Scale-up and Scale-out optical interconnect products as well as PACE series optical computing products.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)