Chinese electric vehicle maker Leapmotor Leapmotor debuts in Hong Kong market

0
46
Chinese electric vehicle maker Leapmotor Leapmotor debuts in Hong Kong market
google news

Two new listings stumbled on their trading debut in Hong Kong after raising a total of $1.5 billion amid turbulent market conditions, casting a cloud over a growing pipeline of companies preparing to go public in the Asian financial center.

Shares of Zhejiang Leapmotor Technology Co., a Chinese electric vehicle maker, fell as much as 42% below their initial public offering price in their first hours of trading on Thursday. The seven-year-old company raised $800 million in its IPO, significantly less than the $1.5 billion it previously targeted, after pricing its shares at the bottom of a guided range .

wsj

google news
Previous articleAmazon sheds light on your potential intruders with Blink Floodlight • TechCrunch
Next articleTop French Fashion House Introduces NFT Membership on XRP Ledger