On July 14, Nexchip Semiconductor (02249.HK) declined 3.27% in regular trading, trading at HK$28.98/share, with turnover of HK$4.308 million. The stock has now fallen below its IPO offer price of HK$32.30, set just days ago on July 10.

The decline reflects continued post-listing selling pressure. Nexchip listed its H-shares on the Hong Kong Stock Exchange on July 10, pricing at the upper limit of HK$32.30 per share and raising approximately HK$6.78 billion in net proceeds. While shares opened 11.46% above the offer price on debut, they quickly reversed course. The A-shares simultaneously plunged 17.01% on July 10 and fell another 5.60% on July 13 to RMB 51.09. The A/H premium stood at 93.82% on listing day, creating significant price convergence pressure. The H-shares have now accumulated a decline of approximately 10% from the offer price within just two trading days. Notably, strategic shareholder Huaqin Technology purchased 1.63 million H-shares at an average price of HK$34.65 on listing day, signaling long-term confidence despite short-term weakness.

(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.)