News Snapshot:
An engineering services company that raised just $16 million in its Hong Kong initial public offering soared 186% on the first day of trading, making it the best debut in the city this year. The performance of Macau E&M Holding Ltd.’s shares, which jumped as much as 255% intraday, is the best since Chen Lin Education Group Holdings Ltd. closed 193% higher than its offer price in November 2019. IPOs in Hong Kong have seen a surge in investor demand in the last few months, fueled by abundant market liquidity thanks to central banks’ efforts to soften the economic damage...
