NetEase soars on Hong Kong debut, in upbeat sign for secondary listings

JD.com IPO finds strong demand, as Chinese companies turn to city after US threats

About 42 Chinese companies trading on U.S. stock exchanges qualify for listing in Hong Kong. UBS says that if they issue 5% of their outstanding shares on the Hong Kong Stock Exchange, it would amount to capital raising of $27 billion. © Reuters

NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent

June 11, 2020 11:53 JST

Updated on June 11, 2020 18:17 JST

HONG KONG -- Chinese game developer NetEase's shares surged 5.7% on their trading debut in Hong Kong on Thursday, after raising at least $2.7 billion for its secondary listing, while online retailer JD.com priced its offering on the city's exchange at a narrow discount to its New York close.