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Shares of “Chinese Twitter” plummeted by 7% at the first auction in Hong Kong :: News :: RBC Investments

December 10, 2021
Source: archyworldys.com archyworldys.com
News Snapshot:
Social network Weibo held a secondary listing on the Hong Kong stock exchange, raising $ 385 million. On the NASDAQ exchange, Weibo receipts ended trading on December 7, with an increase of almost 5% ????: Shutterstock Shares in the Chinese social networking site Weibo opened 6.1% lower on December 8, the first day of trading following a secondary listing on the Hong Kong exchange. At the start of trading, the securities were worth 256.2 Hong Kong dollars, while the placement price was 272.8 Hong Kong dollars. At 8:57 Moscow time, Weibo quotes moved at the level of 253.2 Hong Kong...
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