Shares in Indonesian coal firm PT Adaro Energy jumped as high as 56.4 percent in their market debut on Wednesday after the company raised $1.3 billion in the country's largest ever initial public offering.

Macau tycoon Stanley Ho's gaming flagship finally made its stock market debut on Wednesday, hovering near its offering price in early Hong Kong trade after overcoming a last-minute legal challenge.

A $1.3-billion initial public offering by Indonesian coal company PT Adaro Energy was five times oversubscribed at the end of its offer period last week, its lead manager said.

French cosmetics retailer L'Occitane en Provence has chosen Hong Kong for an initial public offering to raise about $300 million later this year, two sources with direct knowledge of the deal.