Huaxia Fund Warns of Net Value Discrepancy Risk for ETFs on Longsing Tech IPO Day Tomorrow

According to Huaxia Fund's disclosure, Longsing Technology will list on the STAR Market on July 27, with several of the fund's ETFs participating in its IPO subscription. The stock was priced at 8.66 yuan per share ahead of listing. Because the first day of trading allows unlimited daily price movements, the fund's IOPV (indicative optimized portfolio value) based on the IPO price may diverge significantly from the actual net asset value on listing day, the fund warned investors to monitor this risk.
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