china-flag 400HONG KONG: Chinese insurer PICC rose on its trading debut in Hong Kong Friday, after raising a lower-than-expected $3.1 billion in the Asian financial hub's biggest share sale this year.

 

The state-owned company opened at HK$3.59, compared with an offer price of HK$3.48. PICC priced the initial public offering near the bottom end of its indicative price range of HK$3.43-HK$4.03.

 

Copyright AFP (Agence France-Presse), 2012

Copyright APP (Associated Press of Pakistan), 2012

Comments

Comments are closed.