Shares of the Largest Computer Maker Lenovo Plummet 18 percent
The collapse of securities occurred after Lenovo's decision to postpone listing on the Shanghai Stock Exchange. Following this decision, the company's biggest daily drop in ten years. Lenovo did not explain the reasons for the refusal to place the securities, but expressed the hope that the withdrawal of the application would not have a negative impact on the financial position of the company.
Lenovo is the world's largest manufacturer of personal computers. The company accounts for 20 percent of the PC market. The company's shares are listed on exchanges in Hong Kong and New York.
In mid-September, the AliExpress marketplace recognized the Lenovo IP Gaming 3 laptop as the most popular among its Russian customers following the results of the summer of 2021. The laptop of the Chinese company was ahead of the MSI GF63 and MacBook Air 13.