KKR-backed Rundong drops on HK debut
Rundong Auto Group,a Chinese car dealership backed by KKR, saw its shares drop as much as 16% on its Hong Kong trading debt on Tuesday, following a $124 million IPO.
The stock fell to HK$3.01 in early morning trading before rising to close at HK$3.57, just shy of the HK$3.58 per share offer price. The offer price was set at the bottom of the indicative range. As...
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