Yard-backed CSSC Shipping shares fall on debut after $250m IPO
CSSC (Hong Kong) Shipping shares fell 7.5% below their initial public offering price on their first trading day on the Hong Kong exchange. Meanwhile, the shipping industry faces an ongoing US-China trade war and slowing world economy.
Stock price closes at HK$1.24 on Monday, against the offer price of HK$1.34, which was already at the low end of the proposed price range