Reported 22 days ago
Midea Group's stock soared by 9.5% in its debut on the Hong Kong stock market following a successful $4 billion share offering, marking the largest listing in the city in almost four years. The strong demand for shares saw institutional orders oversubscribed eight times, while the retail portion was 5.31 times covered. This significant debut raises optimism for other potential IPOs in Hong Kong, despite ongoing challenges in the market.
Source: YAHOO