For most enterprises, there will generally be a surge on the day of listing, or at least it will not fall. However, Zhihu broke on the day of listing, once falling by more than 20%, and finally closed with a drop of 10%. This phenomenon makes many small partners feel that the timing of listing in Zhihu is really bad.
Zhihu broke its hair on the day it went public.
Although Zhihu's spirit of listing in the United States is commendable, Zhihu plunged on the first day of listing, once falling to more than 20%. Later, after the rescue of investors, it closed with a decline of 10%. Zhihu is a very promising Internet company, and many people are particularly optimistic about the future of Zhihu. However, because Zhihu's listing coincided with a turbulent period of US stocks, almost all technology stocks and internet stocks fell during this period, and this break was unexpected by many people.
Zhihu just caught up with the stock market turmoil.
Some people may think that the US stock market has risen for more than ten years and will not be affected by this short-term turmoil, but in fact, the valuation of the US stock market has been seriously high, and even a huge bubble has emerged. A little trouble will affect the market value of many companies. On the day of Zhihu's listing, it was precisely because of the fluctuation of US stocks that it broke.
Many people are not optimistic about Zhihu's way of realizing cash.
Although this platform is very large in Zhihu, it also has a very loyal user fan base. But at present, Zhihu's profit model is too monotonous, and many people are not optimistic about Zhihu's realization model. In the process of financing in Zhihu, many investors are worried about the expected return on investment. In my personal opinion, this may also be an important reason why Zhihu broke up that day. If the time axis is lengthened, Zhihu will indeed have a good development in the long run, which is also worth investing.