(Bloomberg) -- China Citic Bank Corp. shares more than doubled on their first day of trading in Shanghai after the company raised $5.4 billion in the world's biggest initial public offering this year.
The stock rose to 11.8 yuan at 1:37 p.m. in Shanghai from the offer price of 5.8 yuan, after having risen to 12.19 yuan earlier. The Hong Kong-traded shares rose 16 percent to HK$6.85.
Read more at Bloomberg Emerging Markets News
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