Go Digit Insurance’s IPO was subscribed 50% on the second day of the bidding process. Retail portion was oversubscribed at 2.03 times, while non-institutional investors’ portion reached 0.48 times. Qualified institutional buyers’ participation awaited. IPO closes on May 17.
Global Market: China and Hong Kong shares weaken as stable growth eases stimulus bets
China and Hong Kong stocks weakened on Tuesday, joining a broader retreat in the region, after Beijing kept key lending rates unchanged and stronger GDP