
China HR SaaS player Beisen completes $30m HK IPO

Beisen Holding, a China-based human resources software-as-a-service (SaaS) platform backed by the likes of SoftBank Vision Fund 2, Goldman Sachs, Matrix Partners China, and Sequoia Capital China, fell 12% on debut following a HKD 238.9m (USD 30m) Hong Kong IPO.
The company sold approximately 8m shares at HKD 29.70 apiece, according to a prospectus. Its stock opened at HKD 29.60 on April 13 and then dropped as low as HKD 19.02 in afternoon trading before recovering...
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