China Snacks Retailer Busy Ming Jumps 88% in Hong Kong Debut

Chinese snack retailer Busy Ming Group Co. surged in its Hong Kong trading debut after raising HK$3.67 billion ($470 million) in an offering.

The shares rose as much as 88% on Wednesday to HK$445.00, compared with an offer price of HK$236.60 apiece. Its 1.41 million shares allocated to retail investors in Hong Kong were 1,899.49 times subscribed.