China Galaxy shares in hot demand on debut in HK
By Wu Yiyao in Shanghai | China Daily | Updated: 2013-05-23 05:35
New shares in China Galaxy Securities Co Ltd were in hot demand on Wednesday, after it raised $1.1 billion in a much-anticipated Hong Kong IPO.
The shares rose 11.3 percent at one point, before ending the day up six percent on its trading debut.
The city's IPO drought has been broken by the new listing, along with that of Sinopec Engineering (Group) Co Ltd last Thursday.
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