Tuhu Car's shares rose as much as 2.7% from its issue price of HK$28 ($3.58) as the Chinese car maintenance firm started trading on the Hong Kong Stock Exchange on Tuesday.
Tuhu Car s shares
opened unchanged from their HK$28 issue price as the
Chinese car maintenance firm started trading on the Hong Kong
Stock Exchange on Tuesday. The company raised $152.
Tencent-backed car-services platform Tuhu and AI company Beijing Fourth Paradigm are among a series of listings expected this week as Hong Kong’s performance as a fundraising venue continues to disappoint versus past years.