Chinese payment tech firm Yeahka shines in Hong Kong trading debut

Yeahka

01/06/2020 08:48

** Shares of Chinese payment technology services provider
Yeahka Ltd  9923.HK  trade as high as HK$18.80 in late trade, up
13% from the IPO price of HK$16.64 each on first day of trade
    ** Stock ranks the 11th most actively traded shares 
    ** The stock later trims gain to HK$18.16, still up 9.4%
    ** Company has raised HK$1.65 billion ($212.9 million) from
a Hong Kong IPO after pricing its about 99 million shares at the
top of the price range at HK$16.64 apiece  urn:newsml:reuters.com:*:nL4N2D71VO
    ** Guangdong-based firm plans to use the proceeds to fund
sales and marketing, and to expand technology-enabled business
services offerings and its research and technology capabilities
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  rises 3.8%
    ** The Hang Seng China enterprises index  .HSCE  climbs
2.9%, and the benchmark index  .HSI  is up 3.2%


($1 = 7.7515 Hong Kong dollars)

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