Virtual goods service platforms operator Fulu shines in Hong Kong debut

Fulu Holdings

18/09/2020 03:26

** Shares of virtual goods and service platforms operator
Fulu Holdings Ltd  2101.HK  trade as high as HK$10.66 on first
day of trade, up 19.8% from their IPO price of HK$8.90 
    ** Shares last trade HK$10.10, still up 13.5% from IPO price
    ** Stock second most actively traded 
    ** Operator of sales platform for virtual goods used in
online games and apps sold 100 mln shares in IPO, raising HK$890
mln ($114.8 mln) to increase the number of sales channel
partners and to develop value-added services
    ** Hubei-based company says proceeds will also be used to
fund acquisitions of games-related businesses and assets 
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  falls 1.3% and the Hang Seng Tech
Index  .HSTECH  slides 0.2%
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.4%
and the benchmark index  .HSI  gains 0.5%
    ($1 = 7.7500 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)