Hong Kong billionaire businessman Li Ka-Shing
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Li Ka-Shing's Hong Kong Electric IPO 'not a blockbuster'

Hong Kong billionaire Li Ka-Shing has been nicknamed "Superman" by locals for his investing prowess.

However, one of his companies, energy utility Hong Kong Electric has faced a lukewarm reception on its trading debut on Wednesday.

Shares fell at the start of trade after the company raised more than $3bn (£1.8bn) in Asia's biggest initial public offering in Asia, excluding Japan, since late 2012.

It has left some people wondering whether the legendary businessman is losing his touch. The BBC's Juliana Liu reports.

  • 29 Jan 2014
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