Abstract: We studied 43 HK IPO cornerstone deals from the Jan to Nov 2025 listing cohort to measure price action around the IPO+6M lock-up expiry. Selling pressure from cornerstone selling overhang is deal-size dependent. Sponsor mix further refines the screen. Pure international-sponsored deals underperformed other cohorts.
HENGRUI PHARMA (1276 HK)FORTIOR TECHNOLOGY (SHENZHEN) (1304 HK)GUMING (1364 HK)FWD (1828 HK)SANHUA (2050 HK)MIXUE (2097 HK)Zijin Gold Intl (2259 HK)SAINT BELLA (2508 HK)CONCH MAT TECH (2560 HK)VISEN PHARMA (2561 HK)PEGBIO (2565 HK)SAIMO (2571 HK)CNGR ADVANCED MATERIAL (2579 HK)GENFLEET (2595 HK)XUNZHONG (2597 HK)NANSHAN AL INTL (2610 HK)TRANSTHERA (2617 HK)X.J. ELECTRICS HU BEI CO L-H (2619 HK)MIRXES (2629 HK)SICC (2631 HK)CAOCAO (2643 HK)SOFTCARE (2698 HK)MININGLAMP (2718 HK)CHUANGXIN IND (2788 HK)HAINAN DRINDA NEW ENERGY TECHNOLOGY (2865 HK)PATEO (2889 HK)HAITIAN FLAV (3288 HK)ZENERGY (3677 HK)CATL (3750 HK)JIAXIN INTL RES (3858 HK)C.P. POKPHAND (43 HK)SANY HEAVY IND (6031 HK)CIG SHANGHAI (6166 HK)ZHOU LIU FU (6168 HK)FIBOCOM WIRELESS (638 HK)LENS TECHNOLOGY (6613 HK)BRAINAURORA (6681 HK)JST (6687 HK)GREEN TEA (6831 HK)DUALITY BIOTHERAPEUTICS (9606 HK)RONGTA TECH (9881 HK)LEADS BIOLABS (9887 HK)SERES (9927 HK)CHERY AUTOMOBILE (9973 HK)
Highlighted Stocks
HENGRUI PHARMA, FORTIOR TECHNOLOGY (SHENZHEN), GUMING, FWD, SANHUA, MIXUE, Zijin Gold Intl, SAINT BELLA, CONCH MAT TECH, VISEN PHARMA, PEGBIO, SAIMO, CNGR ADVANCED MATERIAL, GENFLEET, XUNZHONG, NANSHAN AL INTL, TRANSTHERA, X.J. ELECTRICS HU BEI CO L-H, MIRXES, SICC, CAOCAO, SOFTCARE, MININGLAMP, CHUANGXIN IND, HAINAN DRINDA NEW ENERGY TECHNOLOGY, PATEO, HAITIAN FLAV, ZENERGY, CATL, JIAXIN INTL RES, C.P. POKPHAND, SANY HEAVY IND, CIG SHANGHAI, ZHOU LIU FU, FIBOCOM WIRELESS, LENS TECHNOLOGY, BRAINAURORA, JST, GREEN TEA, DUALITY BIOTHERAPEUTICS, RONGTA TECH, LEADS BIOLABS, SERES, CHERY AUTOMOBILE
Interested in the full report? Get in touch with our team.
Request Full Report
We will send the report to your company email.
Report: HK IPO Essential Statistics: Quantifying Lock-up Expiry Overhang Date: 27 May 2026
Request Received!
Thank you! The report will be sent to your email within 1 business day. You'll also receive our weekly research highlights.
