On August 11, ILUVATAR COREX fell 3.33% in regular trading, trading at 421.8 HKD/share, with turnover of HKD 37.81 million. The decline extends a multi-day selloff, following a more than 9% drop in the previous session.

The semiconductor sector continued its collective weakness, with HUA HONG GRACE down 0.95%, MONTAGE TECH down 1.24%, GIGADEVICE down 0.68%, and SMIC up 0.08%. ILUVATAR COREX's decline remains notably larger than the sector average.

On the news front, the company completed a HKD 7 billion placement in mid-July, issuing 14.857 million new H shares at HKD 476 per share — a discount of approximately 15% to the then-market price. The newly issued shares expanded total issued H-share capital to approximately 259.96 million shares. Additionally, Hong Kong-listed IPOs from the first half of the year face concentrated cornerstone investor lock-up expiries in Q3, amplifying near-term supply pressure. The combination of fresh placement shares awaiting absorption and imminent lock-up releases continues to weigh on sentiment despite the company's strong product pipeline, including its recently launched TG300 GPU and multiple institutional buy ratings with targets as high as HKD 1,000.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)