HONG KONG -- Chinese home appliance maker Midea Group's stock jumped in its debut on the Hong Kong Exchange on Tuesday, after the ailing bourse's largest new share offering this year raised nearly $4 billion.
The opening price was 59.20 Hong Kong dollars, 8% higher than the offering price of HK$54.80, which had been set at the upper end of the range. The shares closed the day at HK$59.10, still 7.8% above the offering price.
