Guoyi Surges 418% in Shanghai Debut

MT Newswires Live

08/11

Shares of quantum instrument maker Guoyi (SHA:688828) surged 418% on their first day of trading on the Shanghai Stock Exchange.

The stock opened at 110.00 yuan, significantly up from the initial public offering price of 21.22 yuan per share.

The company raised 849 million yuan from the IPO.

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