Shares of three Chinese firms soared in their Shenzhen stock exchange debuts on Thursday, the first mainland listings in over four months.
Within minutes of the Shenzhen bourse opening, shares of all the three companies jumped over 30 percent from their initial public offering prices (IPO).
The IPOs drew robust demand, with subscription rates of between 120 and 218 times over the number of shares on offer after the deals were priced at relatively cheap valuations.
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Early in the session, Wuxi Xuelang Environmental Technology, a waste disposal company, traded at 19.99 yuan, up 36 percent from the IPO price of 14.73 yuan.
Shares of Shandong Longda Meat Foodstuff, a meat processing company, was at 12.95 yuan, up 32 percent from the IPO price of 9.79 yuan.