HK-listed software developer 360 Ludashi soars on trading debut

360 Ludashi Holdings

10/10/2019 05:03

** Hong Kong-listed shares of Chinese software developer 360
Ludashi Holdings Ltd  3601.HK  soar as much as to HK$6.35 on
trading debut on Thursday, more than double from its IPO price
of HK$2.70 apiece
    ** Stock later trims gain to trade at HK$5.97
    ** The Sichuan-based company had offered 60 mln shares at
HK$2.70 each in its initial public offering (IPO), raising
capital to expand research and development capability, enhance
smartphones e-commerce platform, and to fund acquisitions (https://bit.ly/35kJQYX)
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 0.7%
    ** The Hang Seng China enterprises index  .HSCE  gains 0.4%,
and the benchmark index  .HSI  edges up 0.2%


 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)