[ad_1]
By Jiahui Huang
Tian Tu Money shares opened decreased on their debut in Hong Kong, failing to give an original pop as investor sentiment remained careful in an uncertain marketplace.
Shares of the Chinese non-public-fairness trader and fund supervisor slid as a great deal as 17% to 5.39 Hong Kong bucks a share on Friday. Shares have been final at HK$6.50.
Tian Tu Capital experienced lifted HK$1.13 billion (US$144.3 million) in an initial public offering after pricing shares at HK$6.50 just about every.
The shares were being priced nearer to the base conclude of an earlier guided variety of among HK$5.80 and HK$11.40.
The private-fairness company experienced cumulatively invested in 222 portfolio businesses, together with 180 organizations in client sectors covering foodstuff & beverage, garments and healthcare, as of the conclusion of March, in accordance to the firm’s prospectus. Tian Tu Funds is also invested in biotech and know-how corporations.
Some of Tian Tu Capital’s early and late-stage investments contain food & beverage firms like Zhou Hei Ya, China Feihe and Nayuki Holdings.
Produce to Jiahui Huang at [email protected]
[ad_2]
Resource connection