Shares in CSSC (Hong Kong) Shipping have fallen back after the company carried out an HKD 1.97bn ($252m) IPO in Hong Kong on Monday.
Last month, the shipowning arm of state-owned shipbuilder China State Shipbuilding Corp (CSSC) said it was aiming to raise HKD 2.2bn by selling stock at between HKD 1.34 and HKD 1.42 each.
It listed at the lower price on Monday and closed at HKD 1.24.
