Consumer Brands’ Mixed Hong Kong IPO Performance Shows Investors Are Still Wary

Three Chinese consumer companies that debuted in Hong Kong on Thursday had mixed performances, showing that investor interest remains patchy despite signs the city’s equity market is ending a years-long slump.

Jewelry retailer Zhou Liu Fu Jewelry Co. Ltd. closed up 25% at HK$30 ($3.82), while maternity care provider Saint Bella Inc. jumped 33.7% to HK$8.8. Perfume distributor Eternal Beauty Holdings Ltd., however, dropped 16.7% to HK$2.4, below its HK$2.88 offering price.