By Scott Murdoch and Donny Kwok SYDNEY (Reuters) - Shares in Chinese hospital cloud software firm Neusoft Xikang slumped nearly 35% in the company's ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSSYDNEY - Shares in Chinese hospital cloud software firm Neusoft Xikang slumped nearly 35% in the company's Hong Kong trading debut on Thursday, as sentiment towards some new share sales remained weak.
Neusoft Xikang opened down 22.4% and sold off sharply early in the Hong Kong trading session on Thursday. The institutional portion of the deal was only covered 1.15 times, which is considered weak demand during an IPO. The firm raised $151 million in its IPO and also priced its shares at the low point of the price range.
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