Bestway Hong Kong Ipo

By Carrie Chen
Nikkei Markets
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.

Hong Kong's 2019 IPO Pipeline Is Very Strong, Says HKEX's Li