jnatum
Spiking prices and rental bidding wars are raising fears of more displacement in a city where previous tech booms and a housing shortage have already driven out many.
Hong Kong flotation at $26bn by firm once valued at $100bn follows failure to list in US and UKShares in the fast-fashion brand Shein slumped by as much as 10% as the China-founded company made its long-anticipated trading debut on the Hong Kong stock exchange.The Singapore-headquartered company, o…
| Winners | Losers |
|---|---|
| ASST $24.22 +11.41% | PSQL $17.30 -9.47% |
| CHA $11.63 +7.69% | HSAI $16.12 -7.46% |
| XE $18.45 +7.14% | TTWO $219.70 -6.67% |
| CAR $147.49 +6.78% | GLBE $37.35 -6.51% |
| ASND $263.04 +6.10% | PONY $7.09 -6.46% |
| Winners | Losers |
|---|---|
| STDN $16.11 +14.26% | EIX $53.98 -23.07% |
| CRCL $95.55 +9.65% | PCG $13.27 -20.06% |
| RBLX $41.29 +7.16% | MNSO $9.30 -9.97% |
| BMNR $25.32 +6.39% | AON $321.52 -9.53% |
| HNGE $92.56 +5.96% | KRMN $41.45 -9.04% |
The firm's Hong Kong listing on Tuesday comes after a years-long quest to sell shares in New York and London.