| China's Evergrande Starts Trading in HK |
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The Guangzhou-based property developer has issued 1.61 billion shares for its initial public offering, at 3.50 Hong Kong dollars per share, raising 6 billion Hong Kong dollars. Evergrande saw its share price open at 4 HK dollars on Thursday, the first trading day, 14.3 percent higher than its IPO price. The debut of Evergrande makes it the biggest IPO of a real estate developer in Hong Kong's stock market ever since the beginning of this year. |
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