Hong Kong’s bubble tea IPO flop is a sign of the market timesFinancial Times

China bubble tea chain Chabaidao plunges on Hong Kong debut

HONG KONG: Shares in Chinese bubble-tea chain Baicha Baidao plunged nearly 40 per cent on its first trading day in Hong Kong on Tuesday, in a fresh blow to the finance hub's efforts to revive its markets. The Chengdu-based company, which is also known as Chabaidao, raised about HK$2.59 billion (US$330 mill

Hong Kong’s bubble tea IPO flop is a sign of the market timesFinancial Times

Chabaidao’s experience reflects weak local investor sentiment

China bubble-tea chain plunges on Hong Kong debut

HONG KONG, China — Shares in Chinese bubble-tea chain Baicha Baidao plunged nearly 40 percent on its first trading day in Hong Kong on Tuesday, in a fresh blow to the finance hub’s efforts to revive its markets. The Chengdu-based company, which is also known as Chabaidao, raised about HK$2.59 billion (US$330 million) during its

Chinese bubble-tea maker’s IPO hopes pop in biggest letdown in 6 years

Chabaidao’s stock ended the day 27 per cent lower after slumping as much as 38 per cent. It raised about HK$2.6 billion (US$331.7 million) from the sale of 147.8 million shares at HK$17.50 each.

China tea chain ChaPanda sinks in Hong Kong IPO as market sours

HONG KONG -- Sichuan Baicha Baidao, a Chinese low-priced tea chain also known as ChaPanda, made a disappointing debut on the Hong Kong market on Tuesd

Shares of Chinese bubble tea firm Chabaidao plunge nearly 40% in Hong Kong debut

The company saw its share price plunge to as low as HK$10.84, representing a fall of 38.05% from its IPO price of HK$17.50