In Hong Kong, the Hang Seng gave up 0.6% to 23,196.33, while the Shanghai Composite index edged 0.1% lower, to 3,368.24.

The company started book building on Friday for its sale of 17.1 million shares at a fixed price of HK$202.5 each, with the stock set to begin trading on the Hong Kong Stock Exchange on March 3.

The company is planning to lodge its filings with the Hong Kong Stock Exchange (HKEX) as soon as this month, the sources added. The sources could not be named discussing confidential information.

Alibaba soars 15% as Hong Kong stocks log longest winning streak in 2 years Alibaba’s revenue and profit in December quarter topped estimates, helping the Hang Seng Index log its longest winning ...

with the stock set to begin trading on the Hong Kong Stock Exchange on March 3. Mixue will be valued at $9.8 billion and five cornerstone investors have subscribed for $200 million worth of stock ...

Bookbuilding for the IPO starts on Friday and the stock is due to begin trading on the Hong Kong Stock Exchange on Mar 3. Mixue had earlier planned to raise up to US$1 billion in its Hong Kong IPO.

Mainland Chinese investors poured HK$51.2 billion (US$6.6 billion) into Hong Kong-listed stock through the Connect this week, exchange data showed, their net purchases to HK$203.4 billion this year.

Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles.