German Eye Clinic Operator Soars 102% in Its Hong Kong IPO
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EuroEyes International Eye Clinic Ltd. shares rose as much as 102% on their debut, the latest example of frenzied trading in small initial public offerings in Hong Kong.
Morning trading volume almost equaled the shares sold by the German operator of eye clinics in the IPO, before the exercise of a greenshoe option, according to data compiled by Bloomberg. The stock pared some of the gains, up 59% in recent trading. EuroEyes raised $75.9 million selling shares last week at the midpoint of a marketed range.