HONG KONG -- Maoyan Entertainment, the operator of China's largest online platform for movie tickets, raised about $250 million in its stock debut in Hong Kong on Monday, just a fraction of the hoped-for sum, as investors here grow more skeptical of Chinese tech startups.
Maoyan opened the session slightly above its offer price of 14.80 Hong Kong dollars at HK$14.82. But it ultimately ended down at HK$14.64.
