The first stock of the Hong Kong Stock Exchange's "Computing Power Infrastructure" Gantong Communication fell below the issue price on its first day of listing.

On the first day of listing, the Hong Kong stock ‘the first stock of computing power infrastructure’ Zhonggan Communication (02545.HK) fell below the issue price, opening nearly 40% lower at 0.76 Hong Kong dollars. According to the documents, Zhonggan Communication globally issued 160 million shares, with each share issued at 1.25 Hong Kong dollars.