Pedestrians walk past a public screen displaying the Shenzhen Stock Exchange and the Hang Seng Index in Shanghai on August 18, 2021. Photo: Bloomberg
Pedestrians walk past a public screen displaying the Shenzhen Stock Exchange and the Hang Seng Index in Shanghai on August 18, 2021. Photo: Bloomberg

China’s IPO flops from vaccine maker to retailer show growing pain as investors get a taste of listing reforms

  • Nine companies traded below their listing prices over the past three weeks, while none before them suffered such embarrassment
  • Shrinking returns from stock offerings and IPO flops will become more frequent, the Securities Daily said in a commentary

Pedestrians walk past a public screen displaying the Shenzhen Stock Exchange and the Hang Seng Index in Shanghai on August 18, 2021. Photo: Bloomberg
Pedestrians walk past a public screen displaying the Shenzhen Stock Exchange and the Hang Seng Index in Shanghai on August 18, 2021. Photo: Bloomberg
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