Health Care Specialist Shanghai United Imaging Jumps 75% Following $1.6 Billion IPO

(Bloomberg) — Shanghai United Imaging Healthcare Co. Ltd., the latest in a slew of $1 billion-plus listings on the Chinese mainland this year, soared in its first day of trading.

Shares of the firm, which provides medical imaging systems, jumped as much as 75% to 192.48 yuan ($28.54). They were sold at 109.88 yuan each in an initial public offering that raised 11 billion yuan, according to data compiled by Bloomberg.