Reported 2 months ago
Shares of Black Sesame International Holding Ltd., backed by Xiaomi, dropped as much as 35% during their debut on the Hong Kong Stock Exchange, causing concerns over the market's ability to attract technology listings. Priced at the bottom of the expected range, the stock's poor reception comes amid a global cooldown in AI stocks and reflects a sluggish IPO environment in Hong Kong, where overall market confidence remains low.
Source: YAHOO