Bubble tea chain Nayuki tumbles on debut

Shares in Hong Kong debutant Nayuki Holdings, the Chinese buble tea chain, opened at HK$18.86, down by 4.7 percent against the listing price of HK$19.8, on volume of 43.5 million shares in pre-market orders.

Nayuki raised HK$5.09 billion after pricing its  initial public offering at the top of a marketed range.

The Shenzhen-based company sells fruit tea and baked goods.