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Hong Kong's two biggest IPOs this year sink on trading debuts - Nikkei Asia

Nikkei Asia LogoNikkei Asia4 mo ago

Hong Kong's two biggest IPOs this year sink on trading debuts - Nikkei Asia - Nikkei Asia

Quick Summary:

Chinese EV maker Zhejiang Leapmotor dives 33.

Hong Kong's IPO market has suffered so far this year, with only $7.7 billion raised by mid-September, the lowest since 2013.

The automaker's shares tumbled from their listing price of 48 Hong Kong dollar to end the day at HK$31.90, down 33.5%. Onewo Space-Tech Service, Chinese developer Vanke's property services arm, fell 6.8% to finish at HK$46.


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Article Details

Author / Journalist: ECHO WONG

Category: InvestingFinanceAsia

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 03:40:00 (4 months ago)

News Timezone: GMT +9:00

Ranking: #301 (out of 4683 stories this day)

News Source URL: asia.nikkei.com

Language: English

Article Length: 183 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 624679

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceBusiness

Official Website: asia.nikkei.com

Update Frequency: 16 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #19

Publisher Details

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The story "Hong Kong's two biggest IPOs this year sink on trading debuts - Nikkei Asia" was covered 4 months ago by Nikkei Asia, a news publisher based in Japan.

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