(Bloomberg) -- Chinese kitchenware firm Carote Ltd. rose as much as 88% in its Hong Kong listing debut on Wednesday, reinforcing perceptions that the city’s ...
-- Chinese kitchenware firm Carote Ltd. rose as much as 88% in its Hong Kong listing debut on Wednesday, reinforcing perceptions that the city’s once-anemic initial public offering market has sprung to life.Climate Migrants Stand to Overwhelm World’s Megacities
“Investors are even more focused on trying to secure allocation in Hong Kong IPOs, especially for quality names, which has not been seen for quite some time,” said Ivy Hu, head of China equity capital markets at UBS Group AG. Carote’s IPO couldn’t have come at a better time, following the recent stellar rally in Chinese stocks listed both in Hong Kong and on the mainland. A key gauge of Chinese firms traded on the city’s bourse has risen more than 26% since Beijing unveiled a sweeping stimulus package over a week ago.
“It really needs to be an attractively valued IPO,” Wyatt said, adding that he prefers companies that would help diversify his fund’s existing China portfolio.Sports Betting Apps Are Even More Toxic Than You ThoughtEx-leaders of Penn State frat sentenced in 2017 hazing death of Timothy Piazza
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