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International Business Times
International Business Times
Business
AFP News

Chinese Appliance Maker Midea Soars In Hong Kong After US$4 Bn IPO

Midea's IPO is the biggest in Hong Kong since 2021 (Credit: 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.

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