Victory Giant Surges in Debut After Biggest Hong Kong Listing This Year [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
Most Read from Bloomberg Kuwait Declares Further Force Majeure on Oil Shipments Trump Aims to Seal Iran Deal, Says Truce Extension Unlikely Cruise Ships Seized Brief Hormuz Reopening to Flee Persian Gulf Inside Alex Cooper's Unwell: Tears, Screaming and Employees Looking for the Exit Apple's CEO to Hand Reins to Deputy After Record-Setting Run The shares rose to HK$336.20 in early trading, compared with a listing price of HK$209.88 each. The listing priced at the maximum and attracted thirty-seven cornerstone investors — which get guaranteed allocation in exchange for holding the shares for at least six months — buying about $997 million worth of stock. The stock jumped 74% in gray-market trading before the debut. The share sale, Hong Kong's biggest since Zijin Gold International Co.'s $3.7 billion offering in September, has kicked off what bankers in the city hope to become a procession of heavyweight deals. Victory Giant joins a wave of Chinese listings in the artific
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Earnings
- 4/16/26 - Beat
MS
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- MS's page on the SEC website