Haus Talk [HTI 1.49 3.9%] falls just below offer price, to P1.49/share, the lowest it’s been since the first few moments of its trading life back on Monday. HTI has no stability fund, so there’s no deep pool of money in the background ready to soak up all the paper hands that might want out if the price continues to weaken.
Solar Philippines NEC [SPNEC 1.60 0.62%] is the only stock out of the four most recent IPOs (HTI, SPNEC, MEDIC, and ALLDY) that is trading above its IPO offer price. ALLDY is down 2%, HTI is down 1%, and MEDIC is down 51%. One of these things is not like the others, but still.
All three of the next IPOs on the schedule (Figaro, CREIT, and Bank of Commerce) feature stability funds.
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