CIDI's stock plummeted 6.08% during Friday's intraday trading session, reflecting investor disappointment as the shares debuted at the final offer price of HK$263.00 per H share.
The lack of a premium on the debut price may have triggered a sell-off, as traders had likely anticipated a stronger opening performance. The stock's decline highlights market skepticism about its initial valuation.
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.