Zijin Gold Soars 68% in HK Debut After World’s Top IPO Since May

Zijin Gold International Co. jumped in its Hong Kong trading debut after the international unit of China’s biggest miner raised $3.2 billion in the world’s largest initial public offering since May.

The shares climbed 68% to close at HK$120.60 on Tuesday, boosting its valuation to HK$316.5 billion ($41 billion) and overtaking the likes of Chile-based Antofagasta Plc, one of the world’s biggest copper miners. It was the best opening day globally for an IPO of that size since 2021, according to data compiled by Bloomberg.

Zijin Gold International’s listing ceremony at the Hong Kong Stock Exchange on Sept. 30.

Photographer: Lam Yik/Bloomberg

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