Hong Kong's Magic Empire stock tumbles 80% in wake of spectacular IPO

Aug. 09, 2022 12:18 PM ETMagic Empire Global Limited (MEGL)By: Val Kennedy, SA News Editor4 Comments

Cityscape Hong Kong and Junkboat at Twilight


Magic Empire (NASDAQ:MEGL) stock plunged over 80% in midday trading Tuesday after scoring tremendous gains during the two sessions following its $20M initial public offering.

Shares of the Hong Kong corporate financial services group opened at $85.30, reaching an high

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