IPO hopefuls on Beijing Stock Exchange slash floor prices

IPO hopefuls on Beijing Stock Exchange slash floor prices

FILE PHOTO: A sign of Beijing Stock Exchange is seen at a counter during an organised media tour, in Beijing, China February 17, 2022. REUTERS/Florence Lo

A growing number of listing applicants on the Beijing Stock Exchange are slashing the floor prices of their planned initial public offerings (IPOs), as the pandemic-hit companies seek to lure investors in a sluggish corner of China’s reviving stock markets.