China: Shares in Zhongchao Medical drop on debut

Shares in Shanghai-based healthcare website Zhongchao Medical Technology had a choppy first day trading on Nasdaq yesterday as a jump in coronavirus cases spooked markets around the world and ended the day down 7.25% at US$3.91. The company raised US$12m at US$4 per share. Not only was this at the bottom of the US$4 to…

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