Shares of China Minsheng Banking Corp, China’s first private lender, staged a weak debut in Hong Kong on Thursday after a glut of offerings damped investor sentiment for new listings in the territory. Shares of Minsheng, which has raised $3.9bn in Hong Kong’s largest IPO this year, fell 0.6% to HK$9.03 at GMT 02:14, compared with its listing price of HK$9.08 each. Minsheng’s listing suffered a blow last week when Hopu Investment Management, a prominent Chinese fund, withdrew its proposed $1bn investment.

This entry was posted by Gwen Robinson on Thursday, November 26th, 2009 at 5:01 and is filed under Capital markets. Tagged with China Minsheng Banking, hopu. Edit this entry.