Shoe Companies XTEP Dropped 6.17% On The First Day
Dragged down by the big market, XTEP international has become the sixth new IPO diving day this year. It opened at 3.79 yuan, 4.05 yuan lower than the stock price, followed by a drop of 3.4 yuan, or 16% lower than the stock price.
The highest day was 3.83 yuan, and the final closing price was 3.8 yuan, down 0.25 yuan or 6.17% compared with the stock price, which was 2.71% lower than the previous dark trading.
If we calculate with one hand, the investor loses 125 yuan to leave the field.
Ding Shuibo, chairman of XTEP, expressed his confidence in the company's future because of the poor performance of the US stock market.
Cost 100% passed on to consumers
As oil prices continue to rise, He Ruibo, chief financial officer, said that as a brand operator, he is fully capable of digesting the pressure of rising prices of raw materials. He pointed out that the company could pass the cost of 100% to consumers. The price of the three brands increased by an average of more than 10% this year, and the company also increased 10% last year.
According to foreign news sources, Ding Shuibo said that the company intends to acquire international sports brands, but there is no specific timetable, only to indicate that the acquisition target needs to be suitable for the Chinese market and XTEP positioning, and is engaged in clothing or footwear business. He said Colin's brand has recorded profits in the first five months of this year and is expected to account for 1% of the company's total revenue this year.
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