(Infocast News) A total of 121.38M shares of QINIU (02567) changed hands today for a total of $166.43M before the stock closed at HK$1.19 per share today, down 56.73% compared to the offer price of HK$2.75 per share.

The stock hovered between HK$1.14 and HK$1.68 per share on its first day of listing.