Chinese spirit maker ZJLD Group's shares opened 17 per cent lower in their trading debut on Thursday, after it completed the largest new share sale in Hong Kong this year.
The KKR-backed company raised $675.2 million last week in the biggest new share sale in Hong Kong since CALB Group Co raised $1.3 billion in October. The IPO price was at the lower end of the HK$10.78 to HK$12.98 per share range indicated to investors when the deal was launched. MedSci Healthcare Holdings shares dropped 1.1 per cent on Thursday when its shares also debuted in Hong Kong after it raised $77 million last week.
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