Shares in NetEase made a strong start in Hong Kong, where they began trading on Thursday. The Chinese company is the world’s second largest games firm by revenue. The company is already listed in o…
, where they began trading on Thursday. The Chinese company is the world’s second largest games firm by revenue.
Shares were offered in Hong Kong at HK123 apiece. By the lunchtime trading halt in Hong Kong, they had risen by 8% to HK132.90. One of those, China’s second largest e-commerce player JD.com is to raise some $3.88 billion. Its secondary offer was heavily subscribed and finance industry sources say that it will price its shares at HK$226 each. Trading in the stock will begin in Hong Kong on June 18.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NetEase shares jump over 8% at the open on their first day of trading in Hong KongNetEase carried out a secondary listing on the Hong Kong stock exchange amid rising tensions between the U.S. and China.
Read more »
Aviva Investors 'uneasy' over HSBC, StanChart backing for Hong Kong security lawAviva Investors, a leading shareholder in both HSBC and Standard Chartered , said on Tuesday it was 'uneasy' about the companies' decision to back a new security law in Hong Kong.
Read more »
Interactive Storytelling App Whatifi Launches With $10 Million in FundingAndreessen Horowitz and former Netflix CFO David Wells are among the startup's investors in Whatifi, a company that offers 'a new category of story hacking'
Read more »
Asia stocks set to trade lower as Fed signals no rate hikes through 2022; Netease's Hong Kong debut aheadStocks in Asia Pacific were set to trade lower on Thursday after the U.S. Federal Reserve indicated on Wednesday that it would keep interest rates near zero through 2022.
Read more »
Roni Ahn’s quarantine in photosRoni Ahn’s quarantine in photos. See lockdown in Hong Kong through photographer Roni Ahn's eyes:
Read more »
Hong Kong police arrest 53 pro-democracy activists, more rallies plannedHong Kong police arrested 53 people during protests on Tuesday evening that saw hundreds of activists take to the streets, at times blocking roads in the heart of the global financial hub, before police fired pepper spray to disperse crowds.
Read more »