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Much like fellow China-based IPO stock Luckin Coffee, the stock initially soared, reaching a .15 close May 3, only to dwindle back to its inception price May 22.In addition to posting annual losses, the stock may be dragging due to unique regulatory threats surrounding its pyramid-like referral incentives, which act as the centerpiece of the company's business model.Oath will also provide relevant ads to you on our partners' products.To give you a better overall experience, we want to provide relevant ads that are more useful to you.The contents of the latest submitted Application Proof, and any PHIPs and MB Rule 9.08 Statements submitted thereafter can be viewed and downloaded under "Listed Company Information" on HKEXnews website.
Alibaba in June filed to sell shares in Hong Kong without setting a firm date.
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