A Chinese stock is skyrocketing 3,100% in its debut on US markets, following a trend of little-known stocks from China that soar in an IPO – World Finance News

Shares of a little-known Chinese company skyrocketed more than 3,100% Friday as it debuted on the New York Stock Exchange, following other Chinese stocks that also had massive initial public offerings recently. As trading commenced Friday, Jianzhi Education Technology soared to over $160 a share, after its IPO priced at $5 a share. Shares later pared gains to 2,000%. The provider of digital education content in China expected to raise $25 million in proceeds from the 5 million American Depository Shares that were offered. Similarly, shares of Chinese tech firm AMTD Digital jumped 32,229% from its July IPO to early…