Green Tea Group (06831.HK) saw its shares plummet 5.42% in early trading on Friday, marking a disappointing debut on the Hong Kong Stock Exchange. The sharp decline comes as a surprise, given that the company's shares were set to open at HK$7.19, the same as its final offer price under the global offering.

The company, which had recently completed its initial public offering (IPO), priced its shares at HK$7.19 each. This pricing strategy, announced just a day before the listing, seems to have failed to generate the expected enthusiasm among investors. The significant drop in share price suggests that market participants may have concerns about the company's valuation or future prospects.

While it's not uncommon for newly listed stocks to experience volatility in their early trading days, a decline of this magnitude on the first day is notable. Investors and analysts will be closely watching Green Tea Group's performance in the coming days to determine if this is a temporary setback or indicative of deeper issues. The company's management may need to take steps to reassure the market and demonstrate the firm's growth potential to reverse this initial negative sentiment.