Chinese spirit maker ZJLD Group's shares were down 17% on their first day of trading on Thursday, dampening hopes that a positive debut for the largest new share sale in Hong Kong in 2023 could spark a rush of listings in the second half.
A barman stirs a cocktail based on the Chinese spirit baijiu at the Capital Spirits Baijiu Bar in Beijing, China June 22, 2017. REUTERS/Thomas Peter/File Photoshares were down 17% on their first day of trading on Thursday, dampening hopes that a positive debut for the largest new share sale in Hong Kong in 2023 could spark a rush of listings in the second half.
ZJLD shares opened at HK$9 compared to the issue price of HK$10.82 each. In afternoon trade, the stock was still down by nearly 17%, compared to a 0.1% gain in Hong Kong's Hang Seng IndexThe IPO price was at the lower end of the HK$10.78 to HK$12.98 per share range indicated to investors when the deal was launched.
"The tepid listing would probably fail to lift the ECM sentiment in Hong Kong and deals in the second half would probably need to come in at a more digestible valuation to garner a successful listing," said Clarence Chu, an Aequitas Research analyst who publishes on Smartkarma., have seen shares fall by between 7.6% and 22% since late January.
There was just $508.3 million worth of new share sales in Hong Kong in the first quarter, according to Refinitiv data, down from $1.2 billion in the same period last year.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Chinese Liquor Billionaire Gains $3 Billion With Hong Kong IPO But Faces Strong CompetitionWu Xiangdong, a Chinese liquor mogul once known for his savvy advertising tactics, has added another $3 billion to his fortune.
続きを読む »
These 17 Reviewer-Favorite Bullet Vibrators Will Take You to the Next LevelThe 17 Best Bullet Vibrators, According to Sex Experts
続きを読む »
17-year-old shot in the head inside car in Greenspoint area, Houston police sayABC13 cameras spotted a backpack laying on the ground. Investigators confirmed they found marijuana inside -- raising questions about whether the shooting was possibly drug-related.
続きを読む »
Bud Light Boycott Slashes Sales by 'Staggering' 17%According to market reports, sales of Bud Light beer have dropped 17 percent since it tried to raise sales by advertising with Dylan Mulvaney, a man who claims to be a woman.
続きを読む »
iOS 17 will bring Fortnite back to iPhone, but you're not going to like itEpic Games' Fortnite might return to Apple devices once iOS 17 brings sideloading support to iPhone and iPad - here’s what you should know.
続きを読む »
How this 17-year-old turned his passion for records into a businessWhen he’s not in high school, Luca Williams runs a record store
続きを読む »