News Formal

Shares of SoftBank-backed OneConnect rise 5% in US market debut

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

Shares of OneConnect Financial Technology jumped 5per cent in their U.S. market debut on Friday, valuing the Chinese cloud tech firm at US$3.79 ...

REUTERS: Shares of OneConnect Financial Technology jumped 5per cent in their U.S. market debut on Friday, valuing the Chinese cloud tech firm at US$3.79 billion.OneConnect, which focuses on small and medium-sized businesses, raised around US$312 million on Thursday, selling 31.2 million American depositary shares .

Analysts said investors would buy SoftBank's inflated private assets in the public market only when they were offered at a lower price.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shares of SoftBank-backed OneConnect rise 5per cent in US market debutShares of OneConnect Financial Technology jumped 5per cent in their U.S. market debut on Friday, valuing the Chinese cloud tech firm at US$3.79 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »