Wellchange Holdings Co Ltd · NASDAQ Capital · priced Oct 2, 2024 · $8M raised · Under $50M
Price since listing
- Hype
- Distribution
- Lock-up window
- Valley
- Accumulation
- Recovery
Volume bars are coloured by lifecycle phase. Markers: lock-up and early release (orange), earnings releases (E), follow-on offerings (F), research signals (rule id and signal; arrow up = buy signal, arrow down = sell or short signal, or sell signal for deals under $50M). Current phase: Valley.
Performance since the IPO
- WCT
- S&P 500 (SPY)
- Typical IPO under $50m
- Middle 50% of those IPOs
WCT measured from its offer price; S&P 500 from the first trading day. The typical-IPO line is the median of 382 under $50m IPOs from 2014–2025, by trading day.
Company
Wellchange Holdings Company Limited, through its subsidiaries, operates as an enterprise software solution services provider in Hong Kong. The company provides tailor-made software solutions, cloud-based software-as-a-service (SaaS) solutions, and white-labelled software design and development services. The company also operates MR. CLOUD, a cloud-based SaaS enterprise resource planning software platform based on sub…
- Sector
- Technology
- Industry
- Software - Application
- Country
- Hong Kong
- Employees
- 8
- Market cap
- $5M
- Website
- www.wchingtech.com
Similar past IPOs
Tracker planCompared with similar IPOs
Past price paths of similar IPOs
Outcomes of similar IPOs
Closest matches
The Similar past IPOs card is part of the Tracker plan: past IPOs that looked most alike on the same trading day, how their prices moved over the following sessions, the spread of outcomes and the closest matches.
Risk-score detail
Pro planR20 Day-20 risk tier
Inputs that raised or lowered the score
RL Pre-unlock risk tier
Inputs that raised or lowered the score
Risk-score detail comes with the Pro and Unlimited plans. It shows the score behind this IPO's risk-tier signals, its third with the cut-offs, and the inputs that raised or lowered it. Day-20 scores appear after trading day 20; pre-unlock scores after the close 20 sessions before the scheduled unlock. The research signals are the same on every plan.
Insider transactions
SEC Form 4 · data through Nov 14, 2026Wellchange Holdings Co Ltd files annual reports as a foreign private issuer (Form 20-F or 40-F).
Foreign private issuers are exempt from section 16 of the Securities Exchange Act, so their officers, directors and 10% owners are not required to file Form 4. No insider transactions are listed for that reason; this does not mean that none took place.
Reported by company insiders to the SEC on Form 4, usually within two business days. Data through Nov 14, 2026.
Form 4 shows what insiders reported, not why; sales can have many reasons, such as paying taxes or diversifying. This is information, not a research signal: no IPO Arc rule uses it. How this data is collected and its limits.
Returns vs offer, compared with 188 IPOs under $50m
| Horizon | WCT | Peer median | Peers below offer |
|---|---|---|---|
| Day 1 | +2.8% | 0.0% | 47% n=188 |
| Day 20 | +109.2% | -10.0% | 61% n=188 |
| Day 60 | -70.0% | -36.0% | 70% n=185 |
| Day 120 | -95.0% | -52.3% | 78% n=180 |
| Day 180 | -94.9% | -68.3% | 83% n=174 |
Research signals
- SellRule U1: sell signal for 40 sessionsApr 2, 2025 · Slide into the unlockPast signals (57, deals under $50M): fell 70% · median -16.9% · rallied 25%+ during the hold 44%Historicalborderline
Deal under $50M: published as a sell signal only, because shorting such shares is usually impractical (hard to borrow, high borrow fees, frequent squeezes).
- SellRule RL: sell signal for 60 sessionsMar 3, 2025 · Pre-unlock risk tierPast signals (226, deals under $50M): fell 68% · median -13.9% · rallied 25%+ during the hold 50%Historical
Deal under $50M: published as a sell signal only, because shorting such shares is usually impractical (hard to borrow, high borrow fees, frequent squeezes).
- BuyRule C1: buy signal for 40 sessionsNov 27, 2024 · CapitulationPast signals (355, deals under $50M): rose 42% · median -7.2% · dropped 25%+ during the hold 49%Historical
Buy signals passed on returns relative to IPOs of the same year, size and age, most of which fall after listing. A buy signal can beat its peers and still lose money.
- SellRule F1: sell signal for 100 sessionsOct 29, 2024 · Microcap dealPast signals (385, deals under $50M): fell 73% · median -29.2% · rallied 25%+ during the hold 50%Historical
Deal under $50M: published as a sell signal only, because shorting such shares is usually impractical (hard to borrow, high borrow fees, frequent squeezes).
Signals from Oct 29, 2026 onward are recorded live; earlier ones show what the rules would have flagged at the time. Signals of the pre-unlock rules RL, T1, O1 and L2 are recorded live from Nov 16, 2026; these four rules have no signals dated Oct 29, 2026 to Nov 15, 2026. See methodology.
See the track record for every live signal and its result.
The rules run independently, so one IPO can carry buy and sell signals at the same time; each label reports only its own rule's history.
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Research signals only, not investment advice. Lock-up terms come from prospectuses; prices from Yahoo Finance and may be delayed or wrong; insider transactions as filed on SEC Form 4.