Strong investor demand keeps Hong Kong IPO market on boil

China Resources Mixc soars on debut as Blue Moon prices shares at top of range

Of the 18 companies that have listed on the Hong Kong Stock Exchange in the fourth quarter, only four declined on their first day of trading. (Photo by Dean Napolitano)

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

December 9, 2020 17:42 JST

HONG KONG -- New Hong Kong share offerings for the final three months of the year are seeing strong demand from investors who are pushing prices to stratospheric levels when the IPOs debut, giving hope to scores of other companies lining up to list early next year.

Property manager China Resources Mixc Lifestyle surged as much as 48% on its debut on Wednesday after it raised $1.6 billion in its initial public offering. The shares closed at HK$28, up 25.6% from their IPO price of HK$22.30.