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