China’s largest hypermarket operator rose 27 percent from its initial IPO price to HK$9.17 as of 9:32 am.
A Bloomberg report said, “Shanghai-based Sun Art raised HK$8.2 billion ($1.1 billion), the second of Hong Kong’s six IPOs raising $1 billion or more this year to be priced at the top of a marketed range.”
View the report here.
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