Hey guys! 📈 Ever seen a stock skyrocket in just one day? That's exactly what Zijin Gold International did on its Hong Kong trading debut!
Zijin Gold priced 349 million shares at HK$71.59 (US$9.2) each, but early trading shot the price up to HK$119—an eye-popping 66% leap. This surge pegged the company’s valuation at HK$302.02 billion (around US$38.7 billion).
Why it matters: the IPO pulled in nearly US$3.2 billion, making it the world’s second-biggest offering this year (just behind CATL). An IPO, by the way, is when a company offers its shares to public investors for the first time—it’s kind of like a blockbuster movie premiere for the finance world! 🍿
For young investors in South and Southeast Asia, this is a reminder that markets are full of surprises—and big moves can happen in minutes. Whether you’re tracking gold trends or playing with trading apps on your phone, staying updated is 🔑.
What’s next? Keep an eye on gold prices and global demand—plus watch if Zijin can keep the momentum going or if profit-taking cools things off. Either way, it’s a story worth following! 🌏💰
Reference(s):
cgtn.com
