China: Zhonghong Pulin stock price balloons on first day of trading on Shenzhen

Zhonghong Pulin Medical Products has listed on the Shenzhen Stock Exchange, with the nitrile glove and PVC glove maker selling 41.7 million shares at Rmb48.59 (US$7.51m) per share, raising Rmb2.025bn. The stock price ballooned after launch, putting on over 200% on the first day of trading to reach Rmb159.80. The post-public-offering share capital of Zhonghong…

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