HONG KONG: Shares in China Construction Bank rose 1% on their trading debut yesterday as sluggish Hong Kong market sentiment scraped some of the shine from the bank's US$8bil IPO, the world's biggest in four years.
The stock, by far the most active on the Hong Kong bourse, had been expected to rise only slightly, if at all, given recent equity market weakness and the huge size of a deal that left little pent-up demand for shares.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
