ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

China Bohai Bank fails to excite on Hong Kong IPO debut

Lender's shares drop below offer price in initial trading

HONG KONG -- Standard Chartered-backed China Bohai Bank fell below its offer price on its debut after raising $1.78 billion in an intial public offering on Thursday, marking Hong Kong's largest primary share listing so far this year.

Shares in the lender, based in the north-eastern port city of Tianjin, were trading at 4.76 Hong Kong dollars in early trade. They opened flat at HK$4.8 and fell as low as HK$4.74. The city's Hang Seng Index was down 0.5%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more