Duck-Snack Maker Flounders with Weak IPO Pricing

(Beijing) – One of the year's quirkier IPOs had its wings clipped after investors' appetites failed to take off for one of China's leading makers of popular snack foods made from duck parts.

After making a splash with its original listing announcement, Zhou Hei Ya International Holdings Co. Ltd. couldn't impress investors even with a growth story that includes annual profit and revenue growth of more than 40% annually between 2013 and 2015.