Shares of Macau casino operator Sociedade de Jogos de Macau (or SJM) fell below its $3.08IPO price on its first day of trading to $3.04.
Non-Hong Kong residents aren’t allowed to buy IPO shares for 40 days so this is certainly a stock I will take a closelook at in 39 more days.
By the way, $3.04 Hong Kong dollars works out to about 39 cents per share U.S.
