Flickr / Loïc Lagarde
- Hong Kong media company sees shares jump almost 900% on day of IPO.
- Shares in Most Kwai Chung, a media firm which publishes a popular satirical magazine, climbed from HK$ 1.2 (£0.11; $ 0.15) to a high of HK$ 11.76 (£1.06; $ 1.50).
- “We feel surprised about the market response,” a spokesman for the company said.
LONDON — Shares in a Hong Kong media company and publisher surged nearly 900% from their opening price on Wednesday.
Most Kwai Chung, a media firm which publishes a popular satirical magazine called 100 Most and has a TV channel called Most TV, debuted on Hong Kong’s Hang Seng index.See the rest of the story at Business Insider
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