Shares in NetEase made a strong start in Hong Kong, where they began trading on Thursday. The Chinese company is the world’s second largest games firm by revenue. The company is already listed in o…
, where they began trading on Thursday. The Chinese company is the world’s second largest games firm by revenue.
Shares were offered in Hong Kong at HK123 apiece. By the lunchtime trading halt in Hong Kong, they had risen by 8% to HK132.90. One of those, China’s second largest e-commerce player JD.com is to raise some $3.88 billion. Its secondary offer was heavily subscribed and finance industry sources say that it will price its shares at HK$226 each. Trading in the stock will begin in Hong Kong on June 18.
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