Tea shop chain Sichuan Baicha Baidao set to drop 10.1% in Hong Kong debut

Sichuan Baicha Baidao Industrial

23/04/2024 02:20

SYDNEY, April 23 (Reuters) - Chinese tea shop chain
Sichuan Baicha Baidao Industrial  2555.HK  shares will open
10.1% down in its Hong Kong trading debut on Tuesday following a
$330 million initial public offering (IPO).
    The stock was sold at HK$17.50 ($2.23) each in the IPO which
is the largest in Hong Kong so far in 2024.


($1 = 7.8357 Hong Kong dollars)

 (Reporting by Scott Murdoch in Sydney and Donny Kwok in Hong
Kong; Editing by Christian Schmollinger)
 ((Scott.Murdoch@thomsonreuters.com;))