image credit: ETC-USC / Flickr raises $4bn in 2020’s second largest listing

June 18, 2020

Via: Charged has successfully raised $4 billion (£3.2 billion) in its secondary listing in Hong Kong, marking the world’s second largest share sale this year.

The Chinese ecommerce giant’s shares jumped nearly six per cent on their first day of trading, after opening at 239 HK dollars (£24.63) per share, above the 226 HK dollars (£23.29) it had originally priced shares at for its secondary listing. said it would invest the capital in “key supply chain based technology initiatives” helping improve customer experience and efficiency.

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