Shares of Chinese electric vehicle $(EV)$ maker Xpeng Inc trade as low as HK$159.30, down 3.5% from the offer price of HK$165 apiece in the company's dual primary listing debut in Hong Kong
Stock loses steam after climbing as much as 2.1% to HK$168.50; among the 30 most actively trade by turnover
Xpeng's New York-listed American Depository Shares $(ADS)$ were up 0.7% late on Tuesday at $44.05 each. One ADS is equivalent to two Hong Kong shares
Xpeng, which on Wednesday raised $1.8 bln by selling 85 mln shares in Hong Kong listing, will develop future models based on product platforms designed for international markets, its chief executive said
Smaller newcomer Chaoju Eye Care Holdings shines in trading debut, with shares rising to HK$14.46, up 36.4% from the IPO price of HK$10.60 apiece
The Beijing-based eye hospitals and optical centres operator sold 170.9 mln shares in IPO, raising HK$1.81 bln ($233 mln) for establishment and acquiring hospitals, upgrading IT systems
The Hong Kong Hang Seng Commerce & Industry Index slips 0.8%, while healthcare index rises 1.4%
The Hang Seng China Enterprises Index falls 1.5%, and the benchmark index slides 1%
($1 = 7.7677 Hong Kong dollars)
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