Chinese snack retailer Busy Ming surges more than 80% in Hong Kong debut
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Busy Ming Groupshares surged over 80% on their Hong Kong debut, opening at HK$445, significantly above the offer price of HK$236.60. The company raised HK$3.67 billion ($470.50 million) in its IPO, selling 15.5 million shares, which were oversubscribed nearly 1,900 times in the retail portion. The funds will be used for supply-chain improvements, product development, store upgrades, and franchisee support.
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