Sun Art Retail Group debuts in Hong Kong trading

China’s largest hypermarket operator rose 27 percent from its initial IPO price to HK$9.17 as of 9:32 am.

A Bloomberg report said, “Shanghai-based Sun Art raised HK$8.2 billion ($1.1 billion), the second of Hong Kong’s six IPOs raising $1 billion or more this year to be priced at the top of a marketed range.”

View the report here.