China's Horizon Construction shares set to slump 28% in Hong Kong trading debut

Horizon Construction Development

25/05/2023 02:20

HONG KONG, May 25 (Reuters) - Shares of China's Horizon
Construction Development Ltd  9930.HK  were set to slide 28% in
their Hong Kong market debut on Thursday after it raised $210.2
million in its initial public offering (IPO).
    The provider of construction services was set to open at
HK$3.26 after it priced its shares at HK$4.52 each, which was at
the bottom of a range flagged to investors when the deal was
launched.

 (Reporting by Scott Murdoch; Editing by Anne Marie Roantree and
Muralikumar Anantharaman)
 ((Scott.Murdoch@thomsonreuters.com;))