News Snapshot:
is the latest listed company in mainland China this year, with a market value of over $1 billion, and its stock price soared on its first day of listing. Shares of the company, which provides medical imaging systems, rose as much as 75% to 192.48 yuan. According to data compiled by Bloomberg, they were sold at 109.88 yuan per share in the IPO, raising 11 billion yuan ($1.6 billion). The company is the seventh Chinese listed company with sales of more than $1 billion this year. Large IPOs are brisk in Asian countries, as high inflation and rising interest rates...
