By Carrie Chen
HONG KONG (Nov 16) -- Shares of Bestway Global Holding opened for trading at HK$3.70 ($0.47) on Thursday, below their initial public offering price of HK$4.38, after the Chinese outdoor leisure products maker raised HK$1.16 billion ($149 million) in gross proceeds.
The stock fell as low as HK$3.13 in the early minutes of trading on the Hong Kong stock exchange's main board, and was at HK$3.26 as of 9:44 a.m.
More than 43 million shares had changed hands.
On a pre-IPO trading platform run by Phillip Securities, the shares dropped to HK$4.19 on Wednesday.
- By Carrie Chen; [email protected]; +852 39605153
- Edited By V.Phani Kumar
- Send Feedback to [email protected]
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.
Sign up to our newsletters to get our best stories delivered straight to your inbox.