Oi Wah Pawnshop Credit

 
Oi Wah Pawnshop Credit

Oi Wah Pawnshop could be a sign of the times

The initial public offering by Oi Wah Pawnshop Credit is tiny at just HK$98 million. But just for being the first pawnshop in Hong Kong to go boldly where no pawnshop has gone before, it has attracted the attention of investors. The IPO was 1,085 times oversubscribed and shares surged 34 per cent on the first day of trading on Tuesday. But the share price plunged almost 7 per cent yesterday as the broader markets fell.