Skip to content
Subscriber Only

AIA Gains in Hong Kong Debut After City’s Biggest IPO

AIA Group Ltd. rallied 17 percent on its first day of trading in Hong Kong following the biggest initial public offering in the city’s history.

Shares of Hong Kong-based AIA, the insurer sold by American International Group Inc. in a $20.5 billion IPO that was the world’s third-largest on record, climbed to HK$23.05 at the 4 p.m. local time close. The stock was sold at HK$19.68 each in the IPO. Hong Kong’s benchmark Hang Seng Index of 45 companies ended 0.5 percent lower.