Chinese Kitchenware Maker Set to Debut in Hong Kong After Midea

A Chinese kitchenware firm’s Hong Kong listing will likely reinforce perceptions that the city’s once-anemic initial public offering market has sprung to life, following an epic stock rally that signaled renewed optimism about the world’s No. 2 economy.

Carote Ltd., which is set to be the first company to list in Hong Kong since Chinese appliance maker Midea Group Co.’s $4.6 billion debut, will start trading on Wednesday after raising about HK$751 million ($97 million). The Hangzhou-based firm priced its shares at HK$5.78 each, the top of the marketed range.

Demand for its IPO, which has drawn interest from ...