By Jiahui Huang
Tian Tu Capital shares opened decrease on their debut in Hong Kong, failing to supply an preliminary pop as investor sentiment remained cautious in an unsure market.
Shares of the Chinese private-equity investor and fund supervisor slid as a lot as 17% to five.39 Hong Kong {dollars} a share on Friday. Shares had been final at HK$6.50.
Tian Tu Capital had raised HK$1.13 billion (US$144.3 million) in an preliminary public providing after pricing shares at HK$6.50 every.
The shares had been priced nearer to the underside finish of an earlier guided vary of between HK$5.80 and HK$11.40.
The private-equity agency had cumulatively invested in 222 portfolio firms, together with 180 firms in shopper sectors masking meals & beverage, clothes and healthcare, as of the top of March, in response to the corporate’s prospectus. Tian Tu Capital can be invested in biotech and know-how firms.
Some of Tian Tu Capital’s early and late-stage investments embody meals & beverage firms like Zhou Hei Ya, China Feihe and Nayuki Holdings.
Write to Jiahui Huang at jiahui.huang@wsj.com
Source web site: www.marketwatch.com
