IPO duo slash valuation targets amid weak HK market

One of them, Baytree, could even be worth than less than implied six months ago when Alibaba invested in it during pre-IPO funding.

IPO duo slash valuation targets amid weak HK market

Two companies looking to sell their shares in Hong Kong have been forced this week to rein in their expectations in the face of the local market's continued retreat -- so much so that one of them could even be worth than less than implied six months ago when Alibaba invested in it.

In what could be a first for the city, Babytree Group is now conducting an initial public offering at a...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS