"Over-priced" MCC falls on HK debut; may dent new IPOs

HONG KONG (Reuters) – Metallurgical Corp of China (MCC), a building and engineering firm that raised $2.3 billion in Hong Kong’s biggest IPO this year, fell on its debut as investors, tiring from an IPO deluge, judged the stock was too pricey given an uncertain outlook for China’s steel industry.

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