HONG KONG -- Chinese water bottler Nongfu Spring's shares soared as much as 85% on their debut on Tuesday after the company's $1.1 billion initial public offering in Hong Kong attracted a record level of retail orders, bolstering the hopes of other Chinese companies waiting to sell shares.
Shares in the Hangzhou-based company ended the day up 54% at HK$33.10. The IPO was priced at HK$21.50 and the shares jumped to HK$39.80 at the opening of trade. The Hang Seng Index rose 0.1%.
