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Jiangbo Lists on Hong Kong Stock Exchange with 1.5% First-Day Decline

GateNews
Stocks
According to Moneydj, Chinese memory module manufacturer Jiangbo (9976.HK; 301308.SZ) listed on the Hong Kong Stock Exchange today (Sept. 8), becoming the first independent memory enterprise to achieve A+H dual listings. The stock opened at HK$236, in line with the IPO price, then slid to HK$232.4, a decline of about 1.5%, and recovered to around HK$235.6 by late morning. The IPO raised HK$6.154 billion. Meanwhile, Jiangbo's A-share counterpart (301308.SZ) gained about 1.8% to 364.7 yuan.
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