United Imaging shares soar 75% in Shanghai debut, China’s 3rd-biggest IPO in 2022 – CNA

SHANGHAI : United Imaging Healthcare Co’s shares surged as much as 75 per cent 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 jump came after strong demand during the share sale, the third-largest IPO in China this year, as investors pinpointed the diagnostic imaging device manufacturer as a safe haven amid gloomy prospects for growth in the country, analysts said. Shares in the company, the biggest domestic player in its field, opened 55 per cent higher at 170.1 yuan and…