China tech board makes volatile debut
The initial batch of companies chosen to list on China’s technology innovation board – known as the Star Market – posted an average gain of 140% on their first day of trading on July 22, although almost all were pared back in the opening hours of the following day.
Numerous VC firms have interests in the 25 businesses selected to pilot a US-style board that features a registration-based rather than an approval-based listing system, permits weighted voting rights,...
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