L'Occitane goes public in turmoil .

Keywords: IPO, HONG KONG, CHINA, L'Occitane.

On her first day of trading, the cosmetics company, the first French listed company in Hong Kong, is a victim of the financial turmoil. The share price falls of 4.5% at closing.

First French company listed on the Stock Exchange of Hong Kong, the cosmetics company L'Occitane has had a difficult start to his first day of trading.
Everything had started well. On April 26, the French company, with a capital of 22 billion HK dollars (2.14 billion euros) has sold 364 million shares, or a quarter of its capital. She has managed to raise 708 million dollars (532.27 million euros), an amount slightly above its forecast.
But L'Occitane, which wants to increase its presence abroad, arrives in financial turmoil, while stock markets collapse and the uncertainty that dominates in Europe. On her first day of trading Friday, the second non-Asian company listed in Hong Kong ended down 4.5%. The title has even lost up to 8.5% during the session, almost equaling the fall of 10.6% of Rusal in Russia earlier this year.
While the risk of contagion to other Greek European countries has panicked investors around the world, several companies have decided not to file their stock exchange. The company Swire Pacific has waived Thursday introduced its real estate subsidiary, as the Chinese producer of iron mineai Tian Yuan Mining.