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Lenovo's share price returned to HK$9, close to terminating the pre-IPO level of the Sci-Tech Innovation Board

Lenovo's share price returned to HK$9, close to terminating the pre-IPO level of the Sci-Tech Innovation Board

Figure: Figure worm

Source: 21tech

Author: Yang Qingqing

Editor: Li Qingyu

On December 21, Lenovo Group (00992. HK) shares closed at HK$9.07, up 6.08 percent, its best level since the official termination of the STAR Market IPO on October 8.

On October 8 this year, the Shanghai Stock Exchange issued an announcement to terminate the review of Lenovo Group's public offering of depositary receipts and listing on the Science and Technology Innovation Board. On the same day, Lenovo's stock price fluctuated sharply, falling from HK$9.14 per share at the opening to a closing price of HK$8.72.

On October 11, Lenovo's share price continued to plummet by 13% to HK$7.55 per share, with a market capitalization of HK$91.878 billion. Since then, Lenovo's share price has been in a volatile state and hovering below the HK$9 level.

However, in recent days, Lenovo Group's stock price has shown a rebound trend. As of today, it is up more than 20% from its lowest closing price of HK$7.18 after the termination of the IPO and is almost close to the high point of HK$9.55 before the termination of the listing.

On the news side, according to the research report on the third quarter of 2021 China PC market released by the well-known market research agency Canalys, Lenovo Group ranked first in China's PC market with a market share of 40% and 6 million units of shipments. According to the report, Lenovo Group's shipments in the third quarter increased by 8% year-on-year, and its market share increased by 2%.

In addition, the Yang Yuanqing Scientific Computing Center of Shanghai Jiao Tong University recently settled in the Li Zhengdao Research Institute, and equipped with a total value of 100 million yuan worth of green water-cooled high-performance large-scale scientific computing equipment "Siyuan No. 1". Of the total computing power of Siyuan-1, the CPU provides 5.1 quadrillion times, and the GPU provides about 0.9 quadrillion times. At this level, it ranks 132nd in the global high-performance computing (HPC), that is, the top 500 supercomputing companies, 12th in the TOP 100 of China HPC, and the first in the HPC computing power ranking of Chinese universities.

Lenovo's share price returned to HK$9, close to terminating the pre-IPO level of the Sci-Tech Innovation Board

Editor: Lu Taoran

Lenovo's share price returned to HK$9, close to terminating the pre-IPO level of the Sci-Tech Innovation Board

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