EconomyHong Kong’s IPO revival faces test as three new stocks stumble on debut
Hong Kong welcomed four companies to trading on Tuesday after they raised a combined HK$14.4 billion, but three opened below their offer prices, putting more pressure on an already sluggish IPO market. RoboTechnik Intelligent Technology, the largest debut, raised HK$5.18 billion and traded nearly 10 per cent below its offer price in morning trading.
Hong Kong’s IPO revival faces test as three new stocks stumble on debut
Economy