Stock Track | Taimei Tech Shares Plunge 29% in Disappointing Hong Kong Trading Debut
Shares of Zhejiang Taimei Medical Technology Co Ltd plummeted by a staggering 29.15% to HK$9.2 on its trading debut in Hong Kong on Monday, October 8, 2024. The medical technology company had priced its initial public offering at the top end of HK$13 per share, raising around HK$335 million from the global offering.The dismal trading debut was further exacerbated by the broader market sell-off, as the Hang Seng Index shed 9.41% on the day. Investor sentiment was dampened by the lack of additi
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