China Tower made its trading debut in Hong Kong on Wednesday and the stock ended unchanged from its IPO price, extending the trend of lacklustre debuts and raising questions about investors’ appetite for high-profile tech listings.
The company, which operates the telecommunications towers for the world’s biggest cellular phone networks, raised at least HK$54.3 billion (US$6.9 billion) in its IPO, making it the largest . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
- Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full service? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In