Chinese appliance maker Midea soars in Hong Kong after US$4 bn IPO …C0NTINUE READING HERE >>>
Midea’s IPO is the biggest in Hong Kong since 2021.
Photo: Jade GAO / AFP
Source: AFP
Shares in Chinese electronic appliance maker Midea surged more than nine percent on its Hong Kong debut Tuesday, having raised around US$4 billion in the city’s biggest initial public offering for more than three years.
The firm spiked at HK$60.00 in early exchanges, up 9.5 percent from its HK$54.80 list price, which was at the top of the range indicated in its prospectus.
Midea’s bumper listing…
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