Cosco Hits Choppy Seas in Hong Kong

The Hong Kong equity market has proved itself to be at least as choppy as the U.S. equity market with the pricing and ensuing disappointing share performance of Cosco. The shares priced at the low end of the HK$4.25-HK$5.75 per share range, but even so the company raised an amount approximately equivalent to U.S. $1.2 billion.

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