中际旭创 Falls More Than 10% Intraday as Trading Value Tops 25 Billion Yuan

Shares of 中际旭创, a Chinese optical-module company, fell more than 10% intraday on Nov. 5, with the stock quoted at 480.02 yuan as trading value topped 25 billion yuan.

The decline came months after 中际旭创 raised about $7 billion in a July Hong Kong initial public offering, the city’s largest in nearly seven years. The offering had a proposed price ceiling of HK$1,010 per share, and cornerstone investors subscribed for nearly half of it.