Recently, many new stocks listed in Hong Kong stocks have fallen endlessly. You think it is the bottom of a child, but you do not expect that there is a bottom of a baby, and there is a bottom of a fetus under the bottom of a baby.

Freezing point of popularity, new stock prices "killed" list:

Golly Pharmaceuticals:

As the first company to eat crabs under the new rules of biotech companies on the HKEx, as Li Xiaojia, president of the HKEx, said, the share prices of biotech stocks are either happy or sad. Since the listing of Golly, it has dropped from a peak of HK $14.9 to HK $7.05, a drop of more than 50%:

Yingke:

As a live broadcast stock, HUYA Inc. 's listing in the United States rose 400% at one point, while Yingke rose more than 40% on its first day of listing. However, the current stock price is also "cool":

Weixin Gold Section:

Weixin Jinke is a mutual fund stock, although there is no P2P business, but also like Qudian Inc, pleasant loan, etc., falling endlessly, from the highest point, has halved.

Remit to the world:

Huifu, known as Hong Kong's "pay first share", has halved its share price from as high as HK $7.36 to as low as HK $3.55 less than two months after listing.

Qiansheng Group:

Recently listed gem small market capitalization companies, the public offering was 87 times oversubscribed, the first day of listing broke, seven trading days, the offering price of HK $0.72 to as low as HK $0.385, the share price nearly halved. Some investors said that they had won the lottery, but so far they have lost 45%:

Now the protagonist: Jinlun Holdings overbought more than 700 times, the dark market, that is, ate a "drop limit"

Judging from the market heat before listing, the subscription ratio of Jinlun Holdings is as high as 724.49 times, and it can still be among the top 10 in 2018, when the "overorder king" occurs frequently.

However, in such a hot subscription, the dark market has been broken, and the popularity has reached a freezing point:

Dark market source: Futu Securities

Jinlun Holdings subscribed for more than 700 times but unexpectedly broke, and some investors said they were more happy not to win than to win.

Before, everyone is familiar with the overbought king, overbought more than 6000 times Maoji, listed on the day of the rise of more than 800%, hot do not want.

Nowadays, the big market is not good, and new shares break frequently.

Hong Ying Holdings (01735.HK), which listed at the beginning of this year and is also a local builder in Hong Kong, was also more than 700 times overbought before its listing, and its market capitalization was similar to that of Jinlun Holdings. It opened more than 26% on its first day of listing, but fell below its offering price on the same day. At present, no accident, has been reduced to fairy shares, trading volume is low, August 20 turnover of only 11100 Hong Kong dollars. In this regard, some investors said that there is no trading volume, want to run can not run away ah!

New shares break frequently, and retail investors step on mines frequently. An investor said that it is time to stop playing new! Lock-in.

A senior investor told Fortune News that for the innovation of small-cap companies in Hong Kong, they hardly look at the fundamentals and rely entirely on market sentiment, as well as the so-called "village" that cannot be seen through or guessed correctly, which is undoubtedly a gamble. After the listing of most small market capitalization companies, the trading volume will drop sharply, and if they are not sold in time, the chances of selling may be gone. As a result, many retail investors will choose to buy and sell in the dark market or on the first day of listing in order to win the price difference.

However, some industry insiders said that there is no shortage of stocks with good fundamentals, such as XIAOMI, which listed at a low valuation and then rose more than 30 per cent at one point. Although it broke again, it was mainly due to the poor performance of the market. Therefore, the key to the innovation of new shares with large market capitalization lies in the fundamentals and the research ability of individuals. (editor / Golden Forest)