Aquila Acquisition shares slipped on Friday in the first special purpose acquisition company listing in Hong Kong as the city’s bourse talked up what it calls “a new route to market,” Reuters reports.
The stock declined to HK$9.70 on its first day of trading, down 3% from the offer price of HK$10 each with only one live trade during the session. There were two further cross trades, Refinitiv data showed. Read more.
