Not Enough Stocks Means It’s Gone Quiet on China’s New Board
- Stock gains, trading activity and new listings have all slowed
- Analysts say high valuations and lack of IPOs are to blame
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China’s newest stock venue is no longer the talk of the town.
Stock gains and trading activity on Shanghai’s Star board have slowed since July’s launch, while the pace of initial public offerings has been lackluster. Eleven of the 29 stocks that have listed so far ended Friday’s trading more than 30% below their recent closing highs.