On July 17, Anker Innovations fell 3.35% in regular trading, trading at HK$96.50/share, with turnover of HK$3.41 million. The stock broke below its IPO price of HK$99.32, having now declined over 16% from its first-day high of HK$114.90.

On the news front, despite Schroders PLC continuing to accumulate shares — adding 123,500 shares on July 15 at approximately HK$107.24 each, raising its stake to 26.19% — the institutional buying has failed to offset persistent selling pressure. The global asset manager has invested over HK$1 billion cumulatively since the July 2 listing.

The sustained weakness stems from lingering fallout of a global recall of 2.27 million portable chargers due to product quality issues, which caused operating cash flow to plunge 82.5% year-over-year. Post-IPO lock-up expiry has further amplified selling pressure since the company completed its A+H dual listing on July 2.

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