BeiGene slid over 8% in premarket trading as its shares dived 16.42% in the Shanghai STAR market

Tiger Newspress2021-12-15

BeiGene slid over 8% in premarket trading as its shares dived 16.42% in the Shanghai STAR market.BeiGene Ltd. stumbled in its trading debut in China, tracking the recent slide in its overseas shares as it became the first company to be listed in the U.S., Hong Kong and the Shanghai STAR market.

BeiGene shares fell16.42% at 160.98 yuan below its initial public offering price on Wednesday.

The company has had American Depository Shares listed on the Nasdaq since 2016, and floated shares in Hong Kong in 2018. The company's Hong Kong shares were down 7.64% at HK$162 on Wednesday.

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