$APT ELECTRONICS(02551.HK) In the history of IPOs in the Hong Kong stock market, has there ever been a case of oversubscription exceeding 1000 times without a first-day drop?
The answer is yes. In July of this year, Yuanxu Technology was publicly subscribed 2480 times and dropped 39% on its first day of trading. However, there has not yet been a case of oversubscription exceeding 3000 times that resulted in a first-day drop. It is important to note that Yuanxu Technology is a small-cap stock on the Growth Enterprise Market.
Will Jinko Electronics create a new historical record?