China’s onshore stock market had its busiest day for initial public offerings (IPOs) in 16 months, with 10 companies rallied by at least 48 per cent on their first day of trading in Shanghai and Shenzhen.
The 10 firms represented the first batch of mainboard listings approved under a registration-based mechanism. It marked the most number of stock debuts on a single day since November 15, 2021, wh...