Panda-Recruit prices IPO shares at HK$0.28, lowest ever

Panda-Recruit, an online recruiter, priced shares in its initial public offering at HK$0.28, the lowest ever set by a company seeking a listing on the Growth Enterprise Market.

Panda-Recruit, a Hong Kong job hunting service, priced its shares at HK$0.28 each, the lowest ever for a Growth Enterprise Market stock, as start-ups race to secure at least some of the dwindling dollars  investors are prepared to put into new online or technology companies.

The Hong Kong-based company, which lost HK$6.2 million $795,000 in the first five months of this year, cut its price target by half rather than be shut...

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