Mechmind Robotics falls 6% as post-IPO selloff extends to new low
Mechmind Robotics (9615.HK) fell 5.7% in Hong Kong trading to HK$78.10, touching a record intraday low.
The robotics firm debuted on Sept. 1 at HK$107.70 following a 3,835x oversubscribed offering, but broke below its offer price on the first day. Shares have since shed roughly 19% over three sessions, wiping out more than HK$2.3 billion in market value.