Shares of Shanghai United Imaging Healthcare Co. surged on its Shanghai market debut after the Chinese company raised 10.99 billion yuan ($1.61 billion) in the largest initial public offering. of the STAR market this year.
Its stock gained as much as 75% on Monday morning and was last trading up 66% at CNY182.52, compared to its IPO price of CNY109.88 per share.
United Imaging Healthcare jumps to Shanghai after $1.6 billion IPO comes via ChinaTechNews.com.
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