Chinese Nickel Producer Lygend Resources Debuts in Hong Kong
- Ningbo-based company sold shares near the bottom of range
- It’s the largest listing in the Asian city since October
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Lygend Resources & Technology Co., a Chinese nickel producer and trader, advanced in its Hong Kong debut on Thursday, the first among eight newcomers to list in the Asian financial hub this month.
The stock ended at HK$15.80 each, the same price they were sold at and close to the bottom of a marketed range. The Ningbo-based company’s offering raised about HK$3.67 billion ($470 million), Hong Kong’s largest listing since CALB Co. in early October.