China’s new high-tech board for homegrown technology firms - STAR Market started trading on Monday, with most of the first batch of 25 companies surging in their debuts.
The stocks soared by an average of almost 140 per cent from their IPO prices. Anji Microelectronics Technology (Shanghai) Co. Ltd. was the top performer, ending the day more than 400 per cent higher after surging as much as 520 per cent intraday.
Twenty-two of the 25 stocks triggered a . . .
To continue reading, please subscribe. You will get
- Original and in-depth reporting on China's economy and financial markets
- Details, data and perspectives you don't read elsewhere
- THE WIRE - a Real-Time News platform that delivers everything important about China's economy, companies, stocks, bonds, commodities and the yuan.
- Daily Brief newsletters to get you prepared for every trading day
We highly value independence. We are solely funded by subscriptions from thousands of readers like you.
Already have an account? Sign In