More than 70 per cent of new Hong Kong listings ended 2021 below their IPO price, hit hard by Beijing’s tech crackdown

Source: Tech – South China Morning PostLast year was a write off for investors hoping to profit from new listings, with over 70 per cent of the 96 initial public offerings in Hong Kong trading below their offering price by December 31, most suffering collateral damage from China’s regulatory crackdown on the technology sector.Eight of the 10 largest Hong Kong IPOs in 2021 would have delivered losses to their investors if they held the stocks until December 31, according to data from Refinitiv and Everbright Sun Hung Kai.Short video…Read More

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