China's Yixin Group set to open up 30 pct in Hong Kong debut

Yixin

16/11/2017 01:20

HONG KONG, Nov 16 (Reuters) - Shares in Yixin Group 
 2858.HK , China's largest online car retailer, are set to open 
up 30 percent on debut in Hong Kong on Thursday, benefiting from 
rising enthusiasm for tech stocks.  
    Backed by internet giants Tencent Holdings  0700.HK  and 
JD.com  JD.O , Yixin raised HK$6.77 billion ($867 million) after 
pricing its initial public offering (IPO) at the top of the 
indicative range of HK$6.60-HK$7.70. 
    The shares were set to open at HK$10 on Thursday. 
    Yixin's debut is the latest in a string of technology share 
offerings in Hong Kong.  
 
 (Reporting by Julie Zhu; additional reporting by Donny Kwok; 
Writing by Sumeet Chatterjee; Editing by Stephen Coates) 
 ((sumeet.chatterjee@thomsonreuters.com; +852-2847 2094; Reuters 
Messaging: sumeet.chatterjee.thomsonreuters.com@reuters.net)) 
 
Keywords: YIXIN GROUP LISTING/