Midea’s bumper listing fuelled hopes that the Hong Kong bourse can attract more top Chinese firms and regain its crown as the world’s top venue for IPOs. — Reuters
HONG KONG: Shares in Chinese electronic appliance maker Midea surged more than 9% on its Hong Kong debut yesterday, having raised around US$4bil in the city’s biggest initial public offering (IPO) for more than three years.
The firm spiked at HK$60 in early exchanges, up 9.5% from its HK$54.80 list price, which was at the top of the range indicated in its prospectus.
