Laopu Gold, Tianju shine in Hong Kong debut, ride-share app Dida falls

Laopu Gold Co

28/06/2024 06:21

** Shares of Chinese gold jewellery retailer Laopu Gold
 6181.HK  and information technology services group Tianju Dihe
Suzhou Technology  2479.HK  jump in Hong Kong debut, tracking a
firmer tone in the broader market
    ** Laopu Gold  6181.HK  trades as high as HK$69.1, up 70.6%
from the IPO price of HK$40.50 apiece. Stock last up 63.2% 
    ** Laopu Gold offered 19.5 mln shares in IPO, raising HK$790
mln ($101.2 mln) to expand sales network and increase brand
awareness
    ** Tianju Dihe rises as much as 39% to HK$115.8. Stock last
up 33.9% from the IPO price of HK$83.33 apiece 
    ** Tianju Dihe sold 4.82 mln shares in IPO, raising HK$401.7
mln to upgrade data management solutions products and services, 
   among others
    ** Beijing-based ride-share app operator Dida Inc  2559.HK 
trades as low as HK$5.23 on debut, down 12.8% from the IPO price
of HK$6 apiece. Stock last down 9.7%
    ** Dida offered 39.1 mln shares in IPO, raising HK$234.6 mln
for enlarging user base and advancing technological capabilities
    ** Hang Seng Index  .HSI  climbs 0.4%, while Hang Seng Tech
Index  .HSTECH  slips 0.5%
    
($1 = 7.8069 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))