On July 14, Rigol Technologies rose 5.92% in regular trading, trading at HK$26.24/share, with turnover of HK$44.91 million. The rebound comes after the stock suffered a cumulative decline of over 43% from its IPO price since listing on July 9.

Rigol Technologies H shares were listed on the Hong Kong Stock Exchange on July 9 at an offer price of HK$45.98 per share, with the public offering oversubscribed 356.86 times. However, shares broke on the first day, closing at HK$28.8, down 37.36% from the IPO price, and continued declining through July 13. The H shares traded at a discount exceeding 56% to A shares.

Fundamentally, the company previously issued a half-year earnings forecast projecting net profit attributable to shareholders of RMB 34.58 million to RMB 42.62 million, representing year-over-year growth of 113.27% to 162.84%, supported by expansion in communications, new energy, and semiconductor sectors. Following consecutive days of steep declines and deep discount to the IPO price, short-term capital entered the market driving a technical rebound.

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