NetEase's Cloud Village shares set to open flat in Hong Kong debut

Netease Cloud Music

02/12/2021 01:32

HONG KONG, Dec 2 (Reuters) - Shares of NetEase Inc's
 9999.HK  music streaming business, Cloud Village Inc  9899.HK ,
are set to open at HK$205 per share on the first day of trading
on Thursday, the same level as its IPO price.
    That compared with a 0.6% slide in the benchmark Hang Seng
Index  .HSI , pre-market data showed.
    Cloud Village raised $421 million by pricing its shares at
HK$205 each in one of Hong Kong's first major tech listings
since mid-year.  urn:newsml:reuters.com:*:nL1N2SH0H5

 (Reporting by Donny Kwok; Editing by Jacqueline Wong)
 ((donny.kwok@thomsonreuters.com; +852 3462 7745;))