Shanghai United Imaging Jumps 65% in Debut Post $1.6 Billion IPO

Shanghai United Imaging Healthcare Co., the latest in a slew of $1 billion-plus listings in mainland China this year, soared in its first day of trading.

Shares of the firm, which provides medical imaging systems, jumped 65% to 181.22 yuan, after rising as much as 75% shortly after open. They were sold at 109.88 yuan each in an initial public offering that raised 11 billion yuan ($1.6 billion), according to data compiled by Bloomberg.

The company is the seventh Chinese listing this year with an offering larger than $1 billion. Big IPOs remain active in the Asian country, in ...