Drugmaker CF PharmTech jumped on IPO debut

Chinese drugmaker CF PharmTech (2652) opened 219 percent higher from its offer price of HK$14.75 on its trading debut on Wednesday.

Its shares jumped 181 percent to HK$41.58 as of 10.55 in Hong Kong.

The firm said it raised net proceeds worth nearly HK$525 million through its Hong Kong listing.

Its retail tranche was nearly 6,697 times oversubscribed, the firm said in a filing.