On July 20, Crealights Technology fell 9.32% in regular trading, trading at HK$98.8/share, with turnover of HK$3.17 million. The stock has decisively broken below its IPO price of HK$114 per share.

On the news front, the company fully exercised its over-allotment option, issuing an additional 2,014,700 H shares which began trading on July 13, representing approximately 2.25% of previously issued shares and raising approximately HK$219 million in net proceeds. The increased float supply has continued to pressure the stock since listing. After a brief technical rebound from July 14 to 16, selling resumed on July 17 with a 5.56% drop, and has now accelerated into a full break below the offering price.

Crealights Technology listed on June 29 at HK$114 per share, with its Hong Kong public offering oversubscribed approximately 1,297 times and a first-day gain of 44.74%. However, the company reported cumulative losses of approximately RMB 227 million over the past three years, with a revenue-growth-without-profit-growth fundamental profile constraining valuation support.

Crealights Technology is a provider of optoelectronic interconnection products including optical modules, active optical cables, and silicon photonics solutions, primarily serving AI data centers for high-speed, high-density data transmission.

(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.)