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<IPO> CAOCAO INC(02643.HK) Opens Down 19.4% to $33.8 on Debut

CAOCAO INC(02643.HK) closed at $36 on gray market yesterday, down 14.2% from the listing price...

CAOCAO INC(02643.HK) closed at $36 on gray market yesterday, down 14.2% from the listing price of $41.94. On debut today, the stock opened at $33.8, down 19.4% from the listing price of $41.94, 5.22 million shares traded at market open.
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