CapitaMalls Asia, which this month raised $2bn in Singapore’s largest initial public offering for more than a decade, rose as much as 9 per cent on its trading debut on Wednesday, demonstrating continued investor enthusiasm for Asian listings.
There were also strong debuts in Hong Kong from Fantasia, a Shenzhen property group that raised HK$2.45bn (US$316m), and Sany Heavy Equipment, a coal mining equipment maker. In Hong Kong Fantasia shares ended up 2.3 per cent at HK$2.23, while Sany rose 46 per cent to HK$7.03 as investors sought to gain exposure to China’s growing demand for coal.
