Economy1,700% surge in Chinese state-owned compressor maker’s shares exposes new-listing risks
ShenGu Group, a state-owned industrial compressor maker in Liaoning, drew attention after its Shanghai listing. Its shares rose 1,216% from the offer price to an intraday high on the second trading day, while the overall surge exceeded 1,700%, prompting the exchange operator to intervene against speculative trading.
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South China Morning Post★★☆☆☆2026-09-24 04:02Original
1,700% surge in Chinese state-owned compressor maker’s shares exposes new-listing risks
Economy