99 Wuxian debuts 37.5% higher

The Hong-Kong based company surged at open with investors keen to expose their portfolio to the Chinese mobile market.

Hong Kong-based 99 Wuxian (NNW) has debuted 37.5% higher on the Australian Securities Exchange as investors jump in on exposure to the rapidly growing mobile commerce market in China.

The stock opened at 55 cents – well above the 40 cents initial public offering (IPO) price – before sliding to 50 cents by 1240 AEST, putting the market capitalisation of the company at around $512 million.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles