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

📆 13/12/2019 21:26:00
📰 ChannelNewsAsia

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

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria 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.

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:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »