On July 20, ILUVATAR COREX fell 3.46% in regular trading, trading at 34.36 HKD/share, with turnover of HKD 321 million. The stock has now declined approximately 25.6% below its placement price of HKD 46.2 per share.

The decline is primarily driven by continued selling pressure following the cornerstone investor lock-up expiry on July 2, compounded by the broader HK market facing approximately HKD 150 billion in restricted share unlocks during July. ILUVATAR COREX is among the key information technology sector constituents subject to this unlocking wave. The company completed a placement of 153 million new H shares on July 8 at HKD 46.2 per share, raising approximately HKD 7.038 billion net, representing a 9.94% discount to the pre-deal price and 6.27% share capital dilution.

Notably, the stock is underperforming sector peers, with SMIC gaining 3.84% and HUA HONG GRACE rising 5.91%, suggesting company-specific placement dilution and lock-up factors are dominating short-term price action rather than broader semiconductor sentiment.

(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.)