Cloud Services Provider Qiniu Slides 42% in Hong Kong Debut

MT Newswires Live

2024/10/16

Qiniu (HKG:2567) made a weak trading debut in Hong Kong Wednesday morning, as its shares fell almost 42% at the opening bell.

The cloud and data services company opened at HK$1.60 per share, below its listing price of HK$2.75.

The company raised HK$367 million in net proceeds from its IPO.

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