WH Group shares rose in its market debut in Hong Kong after the pork producer secured $2.05 billion in an initial public offering of shares in its second attempt last week.
Shares in the pork producer opened at HK$6.20 and rose 7.4% to HK$6.66 by the end of the trading day Tuesday. The listing comes amid a rebound in local stock markets. Hong Kong’s Hang Seng Index is up 5% so far this year to August 5, and rose 0.2% on Tuesday.
The institutional demand was not as strong as initially expected the company described this tranche as only “moderately oversubscribed”. However, the retail take-up...
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