Core Viewpoint - Zhongwei New Materials (02579.HK) has seen a significant decline in its stock price, currently trading at 26.70 HKD, marking a drop of 4.23% and reaching its lowest price since listing, indicating a state of underperformance since its IPO [1] Group 1: Stock Performance - The stock has experienced a cumulative decline of 21.47% since its listing on November 17, 2025 [1] - The lowest intraday price recorded today was 26.64 HKD, which is the lowest since the company went public [1] Group 2: IPO Details - Zhongwei New Materials issued a total of 104,225,400 shares during its IPO, with 10,422,600 shares allocated for public offering in Hong Kong and 93,802,800 shares for international offering [1] - The final offer price was set at 34.00 HKD, raising a total of 3,543,663,600 HKD, with net proceeds amounting to 3,432,609,775 HKD after deducting estimated listing expenses [1] Group 3: Underwriters and Investors - The joint sponsors and coordinators for the IPO included Morgan Stanley Asia Limited and Huatai Financial Holdings (Hong Kong) Limited, among others [2] - Key cornerstone investors involved in the IPO included Guizhou New Industrialization Development Equity Investment Fund, Baoda Investment (Hong Kong) Limited, and several others [3]