Caixin
Dec 20, 2018 07:29 PM
FINANCE

Once Hyped, Overseas-Listed Chinese Stocks Come Back to Bite Investors

Tencent Music Entertainment listed on the New York Stock Exchange on Dec. 12. Photo: VCG
Tencent Music Entertainment listed on the New York Stock Exchange on Dec. 12. Photo: VCG

Struggling shares of newly listed Chinese companies in the U.S. and Hong Kong are saddling investors with unexpected losses this year, with more than two-thirds now trading below their listing prices.

About 72% of the Chinese companies that issued stock this year in Hong Kong have seen the shares fall below their initial public offering (IPO) prices, with some plunging within weeks of listing, including smartphone-maker Xiaomi Corp. and the online services chimera Meituan Dianping.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.