HONG KONG, Oct 10 (Reuters) – Shares of Chinese language sportswear maker Topsports 6110.HK opened regular at HK$8.50 ($1.08) at the beginning of its first day of buying and selling on Hong Kong’s benchmark index .HSI.
Final week, the Shenzhen-based firm raised $1.01 billion, after pricing its shares at HK$8.50 ($1.08) throughout its Preliminary Public Providing (IPO).
A elevating of that measurement gave Topsports a market capitalisation of about $6.74 billion, a time period sheet launched on the time confirmed, forward of the general public market buying and selling.
(Reporting by Scott Murdoch and Donny Kwok; Modifying by Clarence Fernandez)
((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net))
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