Mobile advertiser Mobvista falls on HK debut, other new listings slide

Perennial Energy Holdings

12/12/2018 05:00

** Shares of mobile advertising services and game publishing
firm, Mobvista Inc  1860.HK , fall on trading debut with the
stock trading 3.8 pct below the IPO price, bucking a firmer tone
in the boarder market  .HSI 
    ** The company offered 318.87 mln shares at HK$4 apiece in
IPO, raising HK$1.28 bln ($163.8 mln) to strength its big data,
AI technologies and IT infrastructure, and to improve mobile
advertising services   https://bit.ly/2GbbWND
    ** The Hong Kong Hang Seng sub-index tracking IT firms
 .HSCIIT  climbs as much as 1.3 pct
    ** Other newcomers also dive below their IPO price with
natural health products maker, Natural Food International
Holding Ltd  1837.HK , trading at HK$1.45, 10.5 pct below their
IPO price of HK$1.62 apiece  https://bit.ly/2Pxa95a
    ** Coal miner Perennial Energy  2798.HK  trades as low as
HK$0.62 per share as the stock begins trading on Wednesday, down
from their IPO price of HK$0.68 each  https://bit.ly/2PxYKlv
    ** The Hong Kong benchmark index  .HSI  rises up to 1.5 pct
($1 = 7.8159 Hong Kong dollars)

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