In April, when ColbyNet tried to list its shares on the Hong Kong Stock Exchange, it priced them at between HK$2.68 and HK$3.88 and presented itself as a burgeoning e-commerce business. Its aim was to raise as much as HK$4 billion $513.2 million. But the global decline in technology stocks spiked its hopes and it withdrew its offer.
Today it's trying again. This time however, it's marketing itself as a bricks and mortar company that uses technology as a handy add-on. The Hong Kong-based company is pricing the 1.03 billion shares on offer at just HK$1.40 to HK$1.80, an optimistic but not unreasonable level for...
