Recently, the stock prices of some IPOs, especially popular racetrack targets, have continued to be adjusted after listing, which has attracted market attention. Take Yushu Technology as an example. As of the 5th trading day after listing, its stock price had fallen by about 30% from the closing price on the first day of listing. Sorting through the dozens of IPOs that have been listed since June of this year, we found that the prices of most IPOs showed varying degrees of correction in the first week and month of listing. In response, Huang Liang, professional deputy director of the China Merchants Fund Market Support and Management Department, said, “Recently, after the listing of some IPOs, stock prices have been continuously adjusted. The root cause is the return of short-term pricing, which reflects the market rule that 'short-term pricing is driven by emotions, and long-term valuations are anchored by fundamentals'.” In the face of fluctuations in IPO valuations, rational investors should return to fundamental research, use long-term value as an anchor, and maintain strength to go far.

Recently, the stock prices of some IPOs, especially popular racetrack targets, have continued to be adjusted after listing, which has attracted market attention. Take Yushu Technology as an example. As of the 5th trading day after listing, its stock price had fallen by about 30% from the closing price on the first day of listing. Sorting through the dozens of IPOs that have been listed since June of this year, we found that the prices of most IPOs showed varying degrees of correction in the first week and month of listing. In response, Huang Liang, professional deputy director of the China Merchants Fund Market Support and Management Department, said, “Recently, after the listing of some IPOs, stock prices have been continuously adjusted. The root cause is the return of short-term pricing, which reflects the market rule that 'short-term pricing is driven by emotions, and long-term valuations are anchored by fundamentals'.” In the face of fluctuations in IPO valuations, rational investors should return to fundamental research, use long-term value as an anchor, and maintain strength to go far.