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.