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This Saturday's Hong Kong IPOs all priced at or near the lower end of their indicative ranges, reflecting weak institutional demand.
All six IPOs listed in Hong Kong this week were priced at or near the low end of their indicative ranges, reflecting weak institutional demand. Among them, Chinese storage product manufacturer Hongxin Electronics and Xiaomi-backed chipmaker Zhuhai ASR Microelectronics listed on the HKEX on Thursday, with both companies cutting their valuations to push ahead with their listings.
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