date of launch meaning in Chinese

下水日期

Although both the court of first instance and the court of appeal ruled in favour of the authority and reaffirmed that the housing authority has the power to divest its properties , there was insufficient time before the date of launch of the ipo to achieve finality to the legal challenge given the right of the challenger to appeal to the court of final appeal
可是，房屋委员会在公开招股最后阶段受到法律挑战，被质疑出售资产的法定权力。虽然原讼法庭和上诉法庭都裁定房屋委员会有权分拆出售，鉴于挑战者有权上诉至终审法院，房屋委员会在上市期限完结之前缺乏足够时间为此法律挑战寻求终极裁决。