Another Tiny US Listing With Ties to China Spikes 13,000%

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Another Tiny US Listing With Ties to China Spikes 13,000%

Bloomberg2022-09-01

A tiny Nevada-incorporated holding company with ties to China just returned investors a massive one-day gain. Addentax Group Corp., whose subsidiaries conduct a majority of their operations in China, saw its shares soar as much as 13,031% on Wednesday after making its debut on the Nasdaq. The stock was halted more than 25 times for volatility and reached as high as $656.54 after pricing its listing at $5 per share. The wild rally is the latest in astringof Hong Kong and Chinese companies, includingAMTD Digital Inc.andMagic Empire Global Ltd., that have seen outsized gains following their US trading debuts.

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Gunawanh
·2022-09-01
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VAAYK
·2022-09-01
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抱歉，当前请求异常(-1)

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