Taiwan's ETF Bright 00940 fell below its issue price on the first day. Which one is better, BOBAOPPA or ETF Bright 00940?

Bloomberg analyst Eric Balchunas even exclaimed, "Unbelievable!" Taiwan's ETF 00940, on its first day of issuance today, dropped below the offering price! Financial Supervisory Commission Chairman Huang Tien-mu stated that he respects the market mechanism. Another issue that caused dissatisfaction in the community is the "dog coin" $BOBAOPPA issued by the cryptocurrency community KOL, Mahji.

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0940 Falls Below Issue Price, FSC Indicates Respect for Market Mechanism

The Yuanta Taiwan High Dividend Yield ETF 0940 was officially listed this morning (1st) at 9 a.m., opening at 9.93 yuan. Before the deadline, the lowest price dropped to 9.8 yuan, falling below the issue price.

According to a report by Commercial Times, FSC Chairman Huang Tien-mu attended the Legislative Yuan Finance Committee for questioning this morning. In an interview before the meeting, when asked by the media about the listing price of 0940 falling below the issue price today, Huang Tien-mu stated that the FSC respects the market mechanism.

Huang Tien-mu pointed out that the FSC's three main points for enhancing supervision of ETFs are: first, in marketing, make investors understand the characteristics of the product; second, in channels, perform KYC well to understand investors; third, contract companies with internet celebrities and investment trust companies must comply with regulations. In addition, peripheral units will also establish good market risk management.

Similarly, "Big Brother" Dog Coin $BOBAOPPA Falls Below Issue Price

Recently, the "Big Brother" Dog Coin $BOBAOPPA, which has also caused controversy in the community, has also experienced a fall below the issue price. According to data from Birdeye, the BOBAOPPA token reached its peak in the first half hour before trading, and then plummeted by over 60% in the following hour, with a continued weak trend.

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Which is Better: 0940 or $BOBAOPPA?

There are also netizens discussing which is better between 0940 and $BOBAOPPA. Because they are both issued in Taiwan and have raised a considerable amount of money, and both have fallen below the issue price!

Some netizens say that $BOBAOPPA sounds funny! Big Brother also hosts a Space event for everyone to chat, which seems more interesting!

In fact, a 0940 self-help group has long been established on Facebook, with 37,000 members currently. Netizens on the platform are congratulating those who bought in today and made a profit immediately. Some people say they are not worried at all about falling below the issue price, as there are some younger brothers and sisters, 0943, 0944, 0946, who will help lift the sedan chair.