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Shares of Chinese bubble tea firm Chabaidao plunge nearly 40% in Hong Kong debut – CNBC

Cold bubble tea on a hot summer day.

D3 Sign | Moment | Getty Images

Shares in Chinese tapioca chain Chabaidao fell about 40% in its trading debut on the Hong Kong Stock Exchange.

The stock, officially listed as Sichuan Baicha Baidao Industrial, fell to HK$10.84 late in the morning, about 38% below its public price of HK$17.50.

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