Abstract: The 9 July wave. We detail the 153.5m-share six-month unlock, its holder composition, and the full cornerstone book. Seller incentive. We assess how the share-price reset from the March peak changes holders' motivation to exit. Positioning signals. We track token usage after the M3 launch, consensus revisions, and short positioning into the event.
MINIMAX
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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