The biggest public float this year has made an unimpressive debut in Hong Kong, underlining investor caution towards initial public offerings even though global equity markets have recovered from early-year plunges.
China Zheshang Bank closed unchanged at HK$3.96 yesterday, having dropped as much as 0.8 per cent to HK$3.94. The regional lender raised $1.7bn last week after pricing at the lower end of the marketed range.
Bank of Tianjin, another mainland regional bank, also debuted, and finished the day flat at HK$7.3, after raising $948m — at the lower end of its range.
您已閱讀25%(574字),剩餘75%(1765字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。