On the first day of listing, Xiaoma Zhixing opened high and fell low, closing down 7.69%
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Xiaoma Zhixing's American Depositary Shares (ADS) rose first and then fell on the first day of trading, closing down 7.69%, and rose over 20% at one point after opening. The company raised a total of $413.4 million through targeted placement and initial public offering (IPO). The pricing was postponed for a week before.
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Disclaimer: The views expressed in this article are those of the author only, this article does not represent the position of CandyLake.com, and does not constitute advice, please treat with caution.
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