VNG had officially filed for the IPO last month.
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Beijing Fourth Paradigm and Tuhu Car also priced at the bottom of their marketing range.
The share price fall casts doubts on whether a hoped-for revival in IPOs will materialise.
It may still be a tough time for offerings given high interest rates.
Ola Electric was valued at $5.4b in a recent fundraising.
Rest of Asia
Hyundai Global Service targets a valuation of $3-4b.
ADES said it drew nearly $76.5b in orders from institutional investors.
Klaviyo said it priced 19.2m shares at $30 apiece.
The firm is backed by Tencent, Carlyle Group, and Sequoia China.
Doosan Corp’s stake in Doosan Robotics will shrink to around 68% from 91% following the IPO.