Meitu debut disappoints after IPO prices at floor

Selfie 230-150x
By John Loh, Jonathan Breen
15 Dec 2016

Meitu, creator of the popular Chinese selfie editing app, failed to live up to its promise when the stock debuted on Thursday in Hong Kong, shedding as much as 2%.

The biggest IPO of a technology company on the city’s bourse since 2007 opened and closed at its issue price of HK$8.50 a share, but fell to a low of HK$8.33 in intraday trading. This came as no surprise to ECM bankers, however, after the float priced at ...

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