Shares of Shouhui Group (02621.HK) plummeted 14.60% in early trading on Friday, marking a disappointing debut on the Hong Kong Stock Exchange. The stock opened at HK$7.5 per share, significantly below its initial public offering (IPO) price of HK$8.08, indicating a lack of investor enthusiasm for the newly listed company.

Shouhui Group, a Chinese company, had set its IPO price at HK$8.08 per share, aiming to raise capital and expand its presence in the market. However, the substantial gap between the opening price and the offer price suggests that investors may have viewed the IPO as overpriced or harbor concerns about the company's growth prospects.

The weak debut of Shouhui Group reflects broader market sentiment and could be attributed to various factors, including current economic conditions, industry-specific challenges, or investor skepticism about the company's valuation. This disappointing start may put pressure on the company to demonstrate strong performance and growth in the coming quarters to regain investor confidence and support its stock price.