Chinese EV-Maker Leapmotor Tumbles in Hong Kong Debut
(Bloomberg) — Chinese electric-vehicle maker Zhejiang Leapmotor Technology Co. slumped in its first day of trade in Hong Kong, joining a slew of listings this year that fell below their offering price in their debut.
The shares declined as much as 15% to HK$41.00. They were sold at HK$48 apiece, the bottom of the marketed range in an offering that raised about about HK$6.3 billion ($803 million).
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