Press "Enter" to skip to content

Retail investors give Meituan Dianping IPO the cold shoulder

Chinese online food delivery-to-ticketing services platform Meituan Dianping's initial public offering was given the cold shoulder by most of Hong Kong’s retail investors, adding more signs that investors are losing their appetite for Chinese tech stocks as promises of bountiful profits go unmet. Shares in Tencent and Alibaba have plummeted this summer after both posted weak earnings, while Meituan has yet to even reach profitability.

Retail investors subscripted for the initial public offerings using HK$1.52 billion margin loans, which is only 88 per cent of the HK$ 1.73 billion allocated for open market . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Systematic, timely and data-driven 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 stories.
  • Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

Top