A woman walks past a panel displaying stock indices of Hong Kong, US and China markets, outside a bank in Hong Kong. Photo: Reuters
A woman walks past a panel displaying stock indices of Hong Kong, US and China markets, outside a bank in Hong Kong. Photo: Reuters
IPO

Hong Kong IPOs flop as Leapmotor sinks 34 per cent in market debut and Onewo struggles below offer price

  • Zhejiang Leapmotor plunges 34 per cent while Onewo loses almost 7 per cent
  • Both IPOs were undersubscribed by local investors in a week when the Hang Seng Index hits an 11-year low, forcing them to price in lower-half of range

A woman walks past a panel displaying stock indices of Hong Kong, US and China markets, outside a bank in Hong Kong. Photo: Reuters
A woman walks past a panel displaying stock indices of Hong Kong, US and China markets, outside a bank in Hong Kong. Photo: Reuters
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