Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year

by Zhang Shidong at Sichuan Baicha Baidao Industrial, which owns and operates a chain of bubble-tea shops in mainland China, tanked on its first day of trading in Hong Kong, as investors shunned the city’s biggest initial public offering (IPO) of the year amid shaky sentiment. The shares slumped 27 per cent to close […]