Boosted by the debut, the ChiNext Index led the gains among other major indices by closing at 1.98% higher to 2,684.63 points.
SHENZHEN: The first batch of registration-based initial public offerings (IPOs) of 18 enterprises debuted on Monday on the ChiNext board, China’s NASDAQ-style board of growth enterprises, marking a milestone for the country’s capital market reforms.
Stock prices of all 18 firms rose on Monday, with that of 10 firms more than doubling from the initial offer price. Contec Medical Systems Co, Ltd saw its share price soar by 1,061.42% to 118 yuan (about 17.05 US dollars) per share.
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