Kakao, IMAX turn to blocks — with very different results

Equity investors barely murmured after a block from the Korean instant messaging app operator. But they gave a movie giant less-than-stellar reviews, sending its stock spiralling after its own block closed.
April 06, 2017

South Korea’s Kakao Corp and Hong Kong-listed IMAX China displayed vastly different aftermarket performances following a pair of successful block trades on Wednesday, reflecting the increasing market sensitivity to the valuations and long-term growth prospects of Asian stocks.

¬ 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].

Related Articles

Asian unicorns spur autumn's IPOs

It has been a fairly quiet year so far, but Asian equity capital markets are stirring back to life, as a number of jumbo IPOs and sought-after tech deals loom into view.
September 07, 2017

FIT Hon Teng IPO finally plugs in

Second time lucky for Hon Hai’s connector business as it finally prices its Hong Kong IPO, even if the selling price is nowhere near what it expected nine months ago.
July 04, 2017