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.
Founder Ding Shizong and boxer Manny Pacquiao
Founder Ding Shizong and boxer Manny Pacquiao
March 22, 2017

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.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media