WH Group rises in trading debut

Shares in the pork producer rose 7% in its trading debut in Hong Kong, although the company insists the big picture is far more important than day-to-day stock movement.
In demand
In demand

WH Group shares rose in its market debut in Hong Kong after the pork producer secured $2.05 billion in an initial public offering of shares in its second attempt last week.

Shares in the pork producer opened at HK$6.20 and rose 7.4% to HK$6.66 by the end of the trading day Tuesday. The listing comes amid a rebound in local stock markets. Hong Kong’s Hang Seng Index is up 5% so far this year to August 5, and rose 0.2% on Tuesday.

The institutional demand was not as strong as initially expected the company described this tranche as only “moderately oversubscribed”. However, the retail take-up...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222