Smart home devices developer Vesync soars in Hong Kong debut

Vesync Co

18/12/2020 02:19

** Shares of home appliance developer and online distributor
Vesync Co Ltd  2148.HK  trade as high as HK$10.48 per share in
Hong Kong debut, up 89.9% from their IPO price
    ** Stock last up 47.6% from the IPO price of HK$5.52 apiece;
the second most actively traded by turnover in early trade
    ** Smart home devices designer sold 281 mln shares in Hong
Kong IPO, raising HK$1.55 bln ($199.9 mln) for R&D of new
products, expanding sales channels, upgrading its VeSync app and
developing smart solutions for business customers  urn:newsml:reuters.com:*:nFWN2IN15X
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  drops 1.1%, and the Hang Seng Tech
Index  .HSTECH  slides 1%
    ** The Hong Kong benchmark index  .HSI  slips 0.5%

($1 = 7.7529 Hong Kong dollars)

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