No Data
First-day listing breaks! Qiuniu's asia vets plummeted over 50%.
Gelonghui October 16th | Asia vets, the third largest audio and video paas service provider in china, in which alibaba holds shares, broke on its first day of listing today, with its stock price plummeting by more than 50% to HK$1.27 at one point, trading over HK$74 million as of now, and its market cap falling to less than HK$2.6 billion. The stock's public offering was oversubscribed by 18.87 times, with an 80% allotment rate for first-time bidders, allowing those who subscribed to 2 lots to obtain one lot, and pricing it near the lower limit of HK$2.74-2.86 per share range (IPO price of HK$2.75). Asia vets mainly provides audio and video solutions, as of the end of March this year.
Cloud Services Provider Qiniu Slides 42% in Hong Kong Debut
Qiniu Shares at HK$1.60 Vs IPO Price of HK$2.75
Asia Vets' new shares first day | Qiniu (02567) debuts on the market, opening 41.82% lower in the morning.
Qiniu Asia Vets (02567) made its debut on the market. The announcement shows that the price is set at HK$2.75 per share, with a total issuance of 0.16 billion shares, with 1000 shares per board lot, resulting in a net amount of approximately 0.3672 billion Hong Kong dollars. As of the time of writing, it has fallen by 41.82%, trading at HK$1.6, with a turnover of 25.7732 million Hong Kong dollars.
New stock first day | Qiniu's asia vets opened low on the first day, with a turnover exceeding 25 million Hong Kong dollars
Asia Vets, established in 2011, as one of China's earliest platforms to provide audio and video cloud computing services, is committed to becoming a global leading one-stop scenario-based intelligent audio and video service provider. The company mainly provides audio and video PaaS services (MPaaS) and application platform as a service (APaaS). It is one of the few companies in China with comprehensive and high-performance MPaaS products and technology capabilities that integrate and cover all aspects of audio and video business.
Qiniu Raises HK$367 Million in Hong Kong IPO Ahead of Wednesday Debut
No Data
No Data