Tech Titans: Corporate Leaders at the Forefront of Digital Transformation
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
September 30, 2022: -Leapmotor and Onewo, among Hong Kong’s most extensive completed initial public offerings of the year, came down on their first day of trade in the city.
Chinese EV maker, Leapmotor’s shares are coming down nearly 41.6% from its offer price of 48 Hong Kong dollars ($6.11) for each share to 28.05 Hong Kong dollars at session lows. The stock recovered but closed 33.5% lower at 31.90 Hong Kong dollars in the later session.
Shares of Onewo decreased 7.9% from their offer price of 49.35 Hong Kong dollars ($6.29) per share in the trade. Later, the stock slid as low as 42.05 Hong Kong dollars prior to staging a recovery in the last hour. It ended at 46 Hong Kong dollars, 6.79% lower.
The change occurred after the companies’ shares reportedly fell in grey market trading the previous day.
The broader Hang Seng index was previously 1.49%.
The retail tranche of shares for both public offerings was undersubscribed, according to their respective filings. Around 82% of Onewo’s claims for the local market were bought, and only 16% of Leapmotor were purchased.
Unsold shares were allocated to international buyers.
Onewo, a subsidiary of the developer China Vanke, increased by 5.6 billion Hong Kong dollars ($713.5 million), while Leapmotor increased by 6.06 billion Hong Kong dollars ($771.7 million).
Data from the Hong Kong Exchange (HKEX) indicate there were 48 recent listings in Hong Kong from January to August 2022, raising a total of 56 billion Hong Kong dollars ($7.1 billion), a steep decrease from the same period in the previous year, in which there were 69 recent listings that raised 271.4 billion Hong Kong dollars.
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
In the corporate landscape, where conformity often reigns supreme, what if I told you that rebels aren’t troublemakers but …
Though polling data indicate a far a lot more even split involving Trump and Harris less than about three weeks before Selection Day. Recent significant
It’s important to assure any platform an individual use is reputable and abides simply by local regulations. A country that when allowed Mostbet may have
There’s recently been off-the-field drama prior to this contest, since the Jets fired their coach. But using the sportsbook promos featured in this guidebook, there
A recent investigation has unveiled a significant undisclosed campaign finance operation within the cryptocurrency …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you