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Home appliances maker Midea Group rises in Hong Kong debut after $4b IPO

Home appliances maker Midea Group rises in Hong Kong debut after $4b IPO

FILE PHOTO: A Midea company sign is seen at the Appliance and Electronics World Expo in Shanghai, China, March 23, 2021. REUTERS/Aly Song/File Photo

Midea Group rose as much as 9.5% on its Hong Kong trading debut after the Chinese home appliances maker raised nearly $4 billion in the city’s largest share offering in almost four years, boosting hopes for a revival in large Chinese issuances.

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