ColbyNet revisits IPO as bricks and mortar company

In April, when ColbyNet tried to list its shares on the Hong Kong Stock Exchange, it priced them at between HK$2.68 and HK$3.88 and presented itself as a burgeoning e-commerce business. Its aim was to raise as much as HK$4 billion ($513.2 million). But the global decline in technology stocks spiked its hopes and it withdrew its offer.