All that glitters: has Laopu Gold put the lustre back into Hong Kong?

A strong debut last week by jewellery retailer Laopu Gold has put the spring back into the step of Hong Kong’s hitherto lacklustre IPO market. Can it last?

Peter Shadbolt

July 02, 2024

Chinese mainland jewellery retailer Laopu Gold showed a surprising turn of speed at its IPO launch on Friday - at one point surging 86.7% on its offer price of HK$40.5 – in a result that had many heralding the return of Hong Kong’s once stellar IPO market.

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