Since the beginning of this year, Hong Kong's new stock listings have shown a rare first-day "zero break"

K-LinePoet · 2026-02-11T23:35:34+00:00

Since the beginning of this year, the Hong Kong stock new issue market has performed well, with 22 new stocks not breaking the offer price on their first trading day. Analysts believe this is closely related to factors such as positive short-term market sentiment, cautious issuer pricing, and the cornerstone investor mechanism.

K-LinePoet

2026-02-11 23:35:34

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Data shows that since the beginning of this year, 22 new stocks have been listed on the Hong Kong stock market, and none of them experienced a decline below the issue price on their first trading day. In stark contrast, in December 2025, out of 25 newly listed stocks, 10 failed to maintain their issue price at the close on their first day of trading. Several interviewees analyzed that the “zero breakdown” phenomenon in the Hong Kong new stock market this year is the result of multiple factors working together, including short-term market sentiment, pricing strategies, and policy-level influences. Regarding short-term market sentiment, investor confidence has turned positive, injecting vitality into the market; issuers have adopted cautious, pragmatic, and reasonable pricing, leaving room for the stocks’ performance after listing; mechanisms such as cornerstone investors also play a key role in stabilizing stock prices. (People’s Financial News)

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