On July 3, Crealights Technology rose 5.56% in regular trading, trading at HK$185.7 per share, with turnover of HK$18.52 million.

The rebound follows a steep 11.63% decline on July 2, when concentrated profit-taking hit the newly listed stock. Crealights Technology debuted on the Hong Kong Exchange on June 29 at an offer price of HK$114, surging as much as 80% intraday before closing at HK$165, up 44.74%. The IPO attracted extraordinary demand, with Hong Kong public offering oversubscribed 1,296.89 times and international placement oversubscribed 15.51 times. The company raised approximately HK$1.42 billion in net proceeds.

Market participants had flagged near-term volatility risks given the stock's rapid post-IPO appreciation, cumulative losses of RMB 2.27 billion over the past three years, and customer concentration concerns. The current session rebound suggests stabilization after the prior session's sharp correction.

Crealights Technology, founded in 2011, specializes in silicon photonic chip design, chip packaging and testing, and high-speed optical module R&D and manufacturing. Its optoelectronic interconnection products are widely deployed in AI data centers, supporting high-speed, high-density data transmission.

(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.)