Sunshine Oilsands down 4.3% on its IPO price in early trading
Canadian oil explorer Sunshine Oilsands ended its first morning of trading in Hong Kong down 4.3% on its IPO price. The sluggish performance was expected, largely due to delays in the offering process and negative income streams.
The company, backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises (SOEs), raised about $580 million through its IPO, having originally...
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