Deals
WH Group Gains as Biggest Pork Producer Debuts in Hong Kong
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WH Group Ltd. rose on its debut in Hong Kong after the world’s biggest pork producer raised HK$15.3 billion ($2 billion) in its second attempt at an initial public share sale.
The stock gained 7.4 percent to HK$6.66 at the close of trading, up from the offer price of HK$6.20 for the Luohe, China-based company. The benchmark Hang Seng rose 0.2 percent. On average companies that listed in Hong Kong this year rose 28 percent by the end of their first day of trading.