China's United Imaging shares soar 75% in debut on Shanghai STAR Market

China's United Imaging shares soar 75% in debut on Shanghai STAR Market

A researcher at Shanghai UniXell Biotechnology is observing the growth condition of pluripotent stem cells under a microscope. Source: Shanghai UniXell Biotechnology

United Imaging Healthcare Co’s shares surged as much as 75% in their Shanghai debut on Monday following the Chinese firm’s $1.6 billion initial public offering (IPO), the biggest on China’s tech-focused STAR Market so far this year.

The diagnostic imaging device manufacturer opened 55% higher at 170.1 yuan, after it sold 100 million shares at 109.88 yuan apiece, raising 10.99 billion yuan ($1.62 billion) earlier this month. At 0212 GMT the shares were up 68% at 185 yuan.

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