also look at LNK group recent ipo. it just met prospectus like...

also look at LNK group recent ipo. it just met prospectus like VIT also. market didnt hammer it. it is coz its a large cap over $2bn market cap and index funds have to hold. But its growth prospects appear average at best over the long term compared to VIT. still it is 16% above the issue price shows VIT is harshly treated. LNK was a lot higher p/e at 24p/e at the issue price, now its 28 p/e...

So VIT is getting punished due to general sector uncertainty(whether real or perceived- all noise imho - chinese govt aint stopping the grey market at all). Also weak technicals doesn't help, people dont like a downtrend, but that doesnt mean that it should head to zero(large downward trend of acceleration suggests it is going insolvent which it is clearly not)