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IPO

Shares of 'China's Invisalign' rise up to 183% in Hong Kong IPO

Retail investors placed orders for $78bn in Angelalign Technology stock

Angelalign last year saw its net profits climb 122% as revenues rose 26%. (Screenshot from Angelalign website) 
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent | Hong Kong

HONG KONG -- Shares of Angelalign Technology nearly tripled in price in the debut of China's version of Invisalign in Hong Kong on Wednesday, a performance that may put to rest concerns the city's IPO market was running out of steam.

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