Stock Track | Hang Feng Technology (FOFO) Plunges 21.05% After Hours Following IPO Surge

Stock Track

Sep 13, 2025

Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO) experienced a significant after-hours plunge of 21.05% on Friday, following a remarkable debut on the Nasdaq earlier in the day. The sharp decline comes in stark contrast to the stock's performance during regular trading hours.

Earlier on Friday, Hang Feng Technology shares had surged impressively in their trading debut. The stock opened at $5.25 and climbed more than 59% to reach $6.37, well above its initial public offering (IPO) price of $4 per share. The Hong Kong-based company, which provides management consulting and asset management services, had priced its IPO of approximately 1.4 million shares to raise $5.5 million in gross proceeds.

The dramatic after-hours drop suggests a potential correction or profit-taking by investors following the initial enthusiasm. It's common for newly listed stocks to experience volatility in their early trading days as the market adjusts to find an equilibrium price. Investors should note that after-hours trading often sees lower volume and wider spreads, which can lead to more pronounced price movements.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1127359136"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1127359136\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1127359136?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-09-13 04:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1127359136","market":"nz","top_or_hot":-1,"title":"Stock Track | Hang Feng Technology (FOFO) Plunges 21.05% After Hours Following IPO Surge","media":"Stock Track","content":"<p>Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO) experienced a significant after-hours plunge of 21.05% on Friday, following a remarkable debut on the Nasdaq earlier in the day. The sharp decline comes in stark contrast to the stock's performance during regular trading hours.</p>\n\n<p>Earlier on Friday, Hang Feng Technology shares had surged impressively in their trading debut. The stock opened at $5.25 and climbed more than 59% to reach $6.37, well above its initial public offering (IPO) price of $4 per share. The Hong Kong-based company, which provides management consulting and asset management services, had priced its IPO of approximately 1.4 million shares to raise $5.5 million in gross proceeds.</p>\n\n<p>The dramatic after-hours drop suggests a potential correction or profit-taking by investors following the initial enthusiasm. It's common for newly listed stocks to experience volatility in their early trading days as the market adjusts to find an equilibrium price. Investors should note that after-hours trading often sees lower volume and wider spreads, which can lead to more pronounced price movements.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Hang Feng Technology (FOFO) Plunges 21.05% After Hours Following IPO Surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Hang Feng Technology (FOFO) Plunges 21.05% After Hours Following IPO Surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-09-13 04:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO) experienced a significant after-hours plunge of 21.05% on Friday, following a remarkable debut on the Nasdaq earlier in the day. The sharp decline comes in stark contrast to the stock's performance during regular trading hours.</p>\n\n<p>Earlier on Friday, Hang Feng Technology shares had surged impressively in their trading debut. The stock opened at $5.25 and climbed more than 59% to reach $6.37, well above its initial public offering (IPO) price of $4 per share. The Hong Kong-based company, which provides management consulting and asset management services, had priced its IPO of approximately 1.4 million shares to raise $5.5 million in gross proceeds.</p>\n\n<p>The dramatic after-hours drop suggests a potential correction or profit-taking by investors following the initial enthusiasm. It's common for newly listed stocks to experience volatility in their early trading days as the market adjusts to find an equilibrium price. Investors should note that after-hours trading often sees lower volume and wider spreads, which can lead to more pronounced price movements.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FOFO","symbol_name":"恒峰国际","start_time":0,"source_url":"","article_id":"1127359136","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127359136","pubTimestamp":1757709261,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO) experienced a significant after-hours plunge of 21.05% on Friday, following a remarkable debut on the Nasdaq earlier in the day. The sharp...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FOFO":"恒峰国际"},"translate_title":"个股轨迹|IPO大涨后恒丰科技(FOFO)盘后暴跌21.05%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FOFO":1},"content_text":"Hang Feng Technology Innovation Co., Ltd. (NASDAQ: FOFO) experienced a significant after-hours plunge of 21.05% on Friday, following a remarkable debut on the Nasdaq earlier in the day. The sharp decline comes in stark contrast to the stock's performance during regular trading hours.\nEarlier on Friday, Hang Feng Technology shares had surged impressively in their trading debut. The stock opened at $5.25 and climbed more than 59% to reach $6.37, well above its initial public offering (IPO) price of $4 per share. The Hong Kong-based company, which provides management consulting and asset management services, had priced its IPO of approximately 1.4 million shares to raise $5.5 million in gross proceeds.\nThe dramatic after-hours drop suggests a potential correction or profit-taking by investors following the initial enthusiasm. It's common for newly listed stocks to experience volatility in their early trading days as the market adjusts to find an equilibrium price. Investors should note that after-hours trading often sees lower volume and wider spreads, which can lead to more pronounced price movements.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}