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China’s STAR Market sees first stock falling below IPO price as hype cools

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Three months on from its launch, China's high-tech board - the STAR Market - in Shanghai sees the first stock falling below its offer price, after several new deals received a subdued response recently, indicating the initial hype is cooling.

Shares of Shanghai Haohai Biological Technology slipped to 88.53 yuan per share on Wednesday, compared with an offer price of 89.23 yuan, becoming the first company on the board to see its share price fall . . .

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