Reported 28 days ago
Midea Group Co., a leading Chinese appliance manufacturer, is set to make its significant debut in Hong Kong, aiming to raise up to $3.5 billion. This listing is the largest in over three years and could rejuvenate the struggling IPO market, which has seen significant declines amid China’s economic challenges. Midea’s favorable earnings and global expansion plans have generated considerable interest from investors, with order books reportedly oversubscribed. This IPO could signal a turnaround for the Hong Kong market as it grapples with a years-long slump in public offerings.
Source: YAHOO