Tencent's China Literature sees stellar debut as HK money piles into tech stocks
Shares double in their debut, rising to as much as HK$110 in early trade
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Hong Kong
TENCENT'S e-book unit China Literature Ltd's shares doubled in their debut on Wednesday as Hong Kong investors embraced a rush of technology listings, with the stock on track to mark the biggest first-day pop for a large initial public offering (IPO) globally this year.
The company's stunning debut has shown that Hong Kong has raised its game as it strives to compete with the New York and Nasdaq exchanges which have been the more traditional home for Chinese tech IPOs seeking to attract international investors.
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