Midea Group's shares jumped 9.5% during its Hong Kong debut, raising $4bn in the city's largest IPO in over three years.

Chinese home appliance company Midea Group's shares jumped 9.5% during its Hong Kong debut, raising approximately $4 billion in the largest IPO for the city in over three years. This successful listing signals a potential revival for Hong Kong's IPO market, which has struggled since 2020. Midea plans to use the proceeds to expand its global distribution and sales network, further enhancing its international presence.

September 16, 2024
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