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%.
