铜师傅港股首日腰斩：估值泡沫破裂、业绩单一且高度依赖线上渠道

新浪证券04-03

2026年3月31日，铜师傅登陆港交所首日即遭暴跌，收盘报30.5港元，较发行价60港元跌去49.17%，市值蒸发近19亿港元，成为年内港股最惨新股。与此形成鲜明对比的是，其公开发售获59.55倍超额认购，散户热情高涨，但国际配售仅1.56倍认购，机构态度极为冷淡。暗盘已提前大跌30%，即便有“绿鞋”护盘，仍难挡抛压。以2025年净利润约4790万元计算，60港元发行价对应市盈率超70倍，远超...

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