US markets deliver low blow to Anta placement

Top up placement hit by sell-off in US equities, falling just below issue price during secondary market trading.

US markets deliver low blow to Anta placement

A 175 million primary share top up placement for Anta Sports Products fell foul of an abrupt change in market sentiment overnight in the US on Tuesday, prompting the Hong Kong-listed stock to fall just below the transaction's issue price when it resumed trading on Wednesday.

The group picked a very unfortunate evening to launch the deal, which went on to raise HK$3.792 billion $488 million after pricing at the bottom of its HK...

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