Abstract: The first unlock wave should dominate near-term liquidity as supply expands sharply. Revenue growth does not offset supply risk while losses remain deep and model read-through is mixed. Reported short interest shows investors are already positioning before the event.
MINIMAX-WP
Notes on upcoming lock-up expiries for recently listed Hong Kong stocks, looking at which shareholders become free to sell, how much stock is released relative to trading volume, and how comparable expiries have traded. All issues of Lock-up Expiry →
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