DigiNepal
Hong Kong’s IPO revival faces test as three new stocks stumble on debut
Hong Kong’s IPO revival faces test as three new stocks stumble on debut
Hong Kong welcomed four companies to start trading on Tuesday after they raised a combined HK$14.4 billion (US$1.83 billion) – but three opened below their offer prices, adding pressure to an already sluggish month for initial public offerings (IPOs). Automated equipment manufacturer RoboTechnik Intelligent Technology was the largest company to make its debut, having raised HK$5.18 billion, but…