Hong Kong Stock Market Anomaly | Hansartai-B (03378) fell more than 45% on its first day of listing, nearly halving from the offer price, with a total market value of less than 2.4 billion Hong Kong dollars.

According to the Zhitong Finance APP, Hansitai-B (03378) opened low on its first day of listing, and traded lower to a low of 17.2 Hong Kong dollars. This is nearly a halving compared to the IPO price of 32 Hong Kong dollars. As of the time of writing, it has fallen by 45.5% to 17.44 Hong Kong dollars, with a trading volume of 2.12 billion Hong Kong dollars and a total market value of less than 2.4 billion Hong Kong dollars.