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China's Yixin posts strong HK debut amid tech IPO boom

Published Thu, Nov 16, 2017 · 09:50 PM
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Hong Kong

YIXIN Group, China's top online car retailer, ended 6 per cent higher in its trading debut after an intra-day surge of nearly a third, adding to a string of successful tech floats in Hong Kong that is boosting the city's reputation for new listings.

Backed by Chinese Internet giants Tencent Holdings and JD.com, Yixin raised HK$6.77 billion (S$1.2 billion) after pricing its initial public offering (IPO) at the top of an indicative range of HK$6.60-HK$7.70.

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