China cosmetics brand Mao Geping shines in hot Hong Kong IPO

'Patriotic consumption' fuels growth of domestic premium beauty brands

20241210N Hong Kong listing

Mao Geping, the founder and chairman Mao Geping Cosmetics, appears at the listing ceremony in Hong Kong on Dec. 10. (Photo by Kensaku Ihara)

KENSAKU IHARA, Nikkei staff writer

HONG KONG -- Mao Geping Cosmetics, a homegrown Chinese beauty brand, made a splashy debut on the Hong Kong stock market Tuesday, with the price almost doubling from what was set for the initial public offering.

The opening price was 47.65 Hong Kong dollars per share, 59.9% higher than the IPO price of HK$29.80.

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