1. What Happened?
Adphorus went public on August 22, 2025. Tigris Investment and related funds reported changes in their holdings, with Tigris Investment Fund No. 26 selling off its entire stake.
2. Why Did This Happen?
Tigris Investment Fund No. 26 likely sold its shares for short-term profit-taking. In contrast, YG Forest New Technology Investment Partnership increased its stake. Despite a decrease in revenue in 2024, Adphorus saw growth in operating profit and net income, along with improved financial health. However, the stock price declined on the first day of trading, likely due to Tigris Investment’s selling pressure and overall market conditions.
3. What’s Next?
In the short term, investors should be cautious of potential further selling by Tigris Investment and increased market volatility. However, Adphorus’s improving fundamentals and investments in related companies are positive factors in the long term. Macroeconomic factors like rising US interest rates and a strengthening USD could pose challenges.
4. What Should Investors Do?
Short-term investors should proceed with caution due to potential volatility. Long-term investors should focus on Adphorus’s improving fundamentals while monitoring macroeconomic factors and new business performance.