Hong Kong IPO Investors Get Best Education Money Can Buy
Private school operators dominated the list of top-returning Hong Kong IPOs this year, with the industry contributing three of the five best new listings that raised over $100 million. The No. 1 performer was Wisdom Education International Holdings Co., which runs schools in southern China and has nearly tripled in value since its January debut. Other winners include China New Higher Education Group Ltd., which offers science degrees and has attracted investment from Ping An Insurance (Group) Co.