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Chinese appliance maker Midea soars in Hong Kong after US$4 bn IPO
Chinese appliance maker Midea soars in Hong Kong after US$4 bn IPO
Economy
by  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 company's shares in Hong Kong were offered at a 20 percent discount compared to its stock price in Shenzhen, where it has been listed since 2013.