Horrifying data on Hong Kong stock IPOs:


In the second quarter (April, May, June), a total of 45 new stocks were listed, of which 42 rose and 3 fell below the issue price (Longfeng, MERDEKAGOLD, Jiangxi Bio)
Among the 42 stocks, 12 had doubled in price, and 28 had gains greater than 50%.
Average allotment rate for one board lot: 5.4%; Group A tail average allotment rate: 53%; Group B head average allotment rate: 65%.
July saw another intensive listing of 16 stocks.
Hopefully the allotment rate will be higher.
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