Chinese automation equipment maker RoboTechnik Intelligent Technology fell sharply in its Hong Kong trading debut on Tuesday, sliding as much as 8.5% after raising HK$5.18 billion ($660.35 million) through its initial public offering, according to a report by Reuters.
The stock opened at HK$419.60, below its HK$436 offer price, and fell as low as HK$399. It was last down 7.8% at HK$402.20.
