On July 9, Rigol Technologies fell 26.66% in regular trading, trading at HK$33.46/share with turnover of HK$102 million, significantly below its IPO offering price of HK$45.98 per share.

The decline occurred on the company's first day of trading on the Hong Kong Stock Exchange Main Board. Despite the Hong Kong public offering receiving approximately 356.86 times oversubscription and the international offering being 9.17 times oversubscribed, the stock opened sharply lower and continued to slide. The company issued a total of 24,802,200 H shares at HK$45.98 per share, raising net proceeds of approximately HK$1.041 billion. Notably, dark pool trading the prior evening had already signaled weakness, with the stock falling over 13% below the offering price.

Rigol Technologies is China's largest electronic test and measurement instrument supplier. Ranked eighth globally by revenue with a 1.2% market share, the company reported expected first-half net profit growth of 113%-163% year-over-year. Market participants view the first-day break as reflecting a repricing of valuation and short-term profit-taking pressure.

(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.)