Bank of Shanghai surges 44% on debut after $1.8b IPO

Bank of Shanghai surges 44% on debut after $1.8b IPO

Photo: Bloomberg

Shares in Bank of Shanghai Co Ltd soared 44 percent on debut on Wednesday, the most allowed in one day, after it raised 10.7 billion yuan ($1.58 billion) in the Shanghai bourse’s largest IPO this year.

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