Source:
https://scmp.com/business/markets/article/1865962/money-matters-listing-market-shines-bright-backdoor-must-be-closedMarkets
Money matters: Listing market shines bright but backdoor must be closed
The listing market is bright for Madison Wine which shot up seven times on its market debut. Photo: Nora Tam
The economic outlook is gloomy and the market is still in the doldrums. The listing market is, however, shining blindingly bright. Ahsay Backsup, on the GEM board, rocketed 21 times on its first trading day while Madison Wine shot up seven times.
Why?