On May 22, DiPu Technology rose 5.07% in regular trading, trading at HK$54.65/share, with trading volume of approximately HK$55.76 million. The stock staged a recovery rally after the previous session's sharp selloff driven by a heavily discounted share placement announcement.

On May 21, the company announced a placement of 7.942 million new H shares at HK$50.58 per share, representing a discount of approximately 19.78% to the prior closing price of HK$63.05. The placement is expected to raise net proceeds of approximately HK$395 million, with around 70% earmarked for overseas market expansion and localization capabilities, 20% for strategic investments and acquisitions, and 10% for working capital. The announcement triggered a sharp intraday decline of over 7% the previous day as dilution concerns and profit-taking converged following a multi-day rally.

The stock had previously surged over three consecutive sessions after being selected for the Forbes China AI Technology Enterprises TOP 50. Today's rebound above the placement price suggests the concentrated selling pressure from the discounted placement has been largely absorbed, with funds gradually re-entering the stock following the short-term oversold conditions.

(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.)