On May 26, Jitai Technology-P (07666.HK) declined 6.87% in regular trading, trading at HK$15.08 per share, with trading volume of HK$24.75 million. The stock has been in a sustained pullback since its listing on May 13, when it surged 173% on its debut.

As the world's first AI drug delivery company to go public, Jitai Technology listed on the Hong Kong Stock Exchange at an IPO price of HK$10.50. Despite its groundbreaking IPO that raised over HK$2.1 billion with 6,910x oversubscription in the Hong Kong public offering, the stock has faced persistent selling pressure. The company remains in an early commercialization stage, having accumulated approximately RMB 1.5 billion in losses over the past three years with volatile revenue. Additionally, certain internationally placed shares carry no lock-up restrictions, creating continued profit-taking pressure as early investors exit positions. The fading of initial new-listing enthusiasm has accelerated the downward trend.

(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.)