Chinese bubble tea company Chabaidao’s shares fell about 40% in its Hong Kong launch
Chabaidao, a Chinese bubble tea chain, had its shares fall nearly 40% on its Hong Kong stock exchange debut By Ken Ibenne At its IPO price of HK$17.50, the stock, formally listed as Sichuan Baicha Baidao Industrial, dropped as low as 10.84 Hong Kong dollars in the late morning, or around 38% less. According to…
