VC-backed Neway jumps 32% on debut as China IPOs resume
Venture capital-backed Neway Valve, the first newly-listed company to start trading following the year-long embargo on Chinese IPOs, saw its stock open up 32% on the Shanghai Stock Exchange.
Shares in the company, which claims to be China's largest industrial valve exporter, were suspended from trading for half an hour in the morning after hitting the upper price limit. Neway Valve sold...
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