Midea’s IPO represents not only a significant financial milestone for the company but also a potential turning point for Hong Kong's capital markets, which have struggled since 2020.
The overwhelming demand indicated by the subscription numbers highlights a renewed investor confidence in the potential for growth among Chinese firms listed in Hong Kong.
Chairman Paul Fang emphasized that the listing marks a strategic step for Midea towards globalisation, drawing attention to the firm’s expanding international presence.
Midea's successful IPO showcases the resilience of high-quality Chinese brands and is expected to encourage other companies to consider Hong Kong for their public offerings.
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