NetEase's Cloud Village shares slip in Hong Kong debut [Reuters]
NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES)
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm
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Source: Reuters
HONG KONG (Reuters) -Shares in Cloud Village Inc, the music streaming business owned by NetEase Inc's, fell 1% on their first day of trade. The stock's performance is being closely watched as a barometer of investor appetite for Chinese tech related deals amid a regulatory clampdown on the sector by mainland authorities that has upended business norms. Cloud Village raised $421 million in its initial public offering, with its shares priced at HK$205 each in one of Hong Kong's first major tech listings since mid-year. NetEase sold 16 million shares in the IPO but the final price set was set only at the mid point of the range, indicating the deal was not swamped by demand. The IPO was Cloud Village's second second attempt to list this year. The company shelved its initial plan to raise $1 billion in August after Chinese regulators toughened rules affecting the tech sector. Cloud Village then scaled down the size of the deal to win investor support. Reporting by Donny Kwok and
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News
- Capital Investments At NetEase (NASDAQ:NTES) Point To A Promising Future [Yahoo! Finance]Yahoo! Finance
- NetEase, Inc. (NASDAQ: NTES) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- NetEase to Report First Quarter 2024 Financial Results on May 23PR Newswire
- NetEase, Inc. (NASDAQ: NTES) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment AgreementPR Newswire
NTES
Earnings
- 2/29/24 - Miss
NTES
Sec Filings
- 5/9/24 - Form 13F-HR
- 5/6/24 - Form 6-K
- 4/26/24 - Form 6-K
- NTES's page on the SEC website