At least three mainland listing hopefuls, including Beijing Utour International Travel Service, said in statements to the Shenzhen exchange that the highest bidders for their offerings were rejected because the shares were marketed as too expensive.
At least three mainland listing hopefuls, including Beijing Utour International Travel Service, said in statements to the Shenzhen exchange that the highest bidders for their offerings were rejected because the shares were marketed as too expensive.
Ray Chan
Opinion

Opinion

Ray Chan

Chinese regulator changes rules of the game by intervening in IPOs

As the resumption of mainland listings gets under way, invasive action unsettles market

At least three mainland listing hopefuls, including Beijing Utour International Travel Service, said in statements to the Shenzhen exchange that the highest bidders for their offerings were rejected because the shares were marketed as too expensive.
At least three mainland listing hopefuls, including Beijing Utour International Travel Service, said in statements to the Shenzhen exchange that the highest bidders for their offerings were rejected because the shares were marketed as too expensive.
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