China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses

//China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses

China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses

Some small investors may be nursing losses after taking a punt on China’s new board for technology companies, but many of the senior executives of the listed start-ups are celebrating a windfall.The frenzied buying that has fired up the stock prices by an average of 200 per cent since trading began on the Star Market two weeks ago has created at least 30 yuan-denominated billionaires among those who already owned pre-IPO stakes in the companies. Someone with a fortune of 1 billion yuan is worth…

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By | 2019-08-05T00:30:10+00:00 August 5th, 2019|Headlines|Comments Off on China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses