Pedestrians in front of a display for the listing of Baidu on the Hong Kong Stock Exchange on March 23, 2021. Photo: Bloomberg
Pedestrians in front of a display for the listing of Baidu on the Hong Kong Stock Exchange on March 23, 2021. Photo: Bloomberg
IPO

More than 70 per cent of new Hong Kong listings ended 2021 below their IPO price, hit hard by Beijing’s tech crackdown

  • Eight of the 10 largest IPOs in Hong Kong last year would have delivered losses to investors who held the shares until the end of the year
  • The only winners among the large IPOs were electric car makers Xpeng and Li Auto

Topic |   IPO
Pedestrians in front of a display for the listing of Baidu on the Hong Kong Stock Exchange on March 23, 2021. Photo: Bloomberg
Pedestrians in front of a display for the listing of Baidu on the Hong Kong Stock Exchange on March 23, 2021. Photo: Bloomberg
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