2023-01-26 00:30:10
Chinas IPOs lost their debut oomph, boding ill for punters
- 28 per cent of small-cap newcomers in mainland China fell below their IPO prices on first day of trading in 2022, up from 4 per cent in 2021
- IPO registration system could be extended to big-cap listings, according to speculation, hurting the prospects for first-day windfalls
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