Shares of CapitaMalls Asia (CMAL.SI) opened 8.5% higher today, boosted by strong demand from investors keen on gaining exposure to China’s fast-growing consumer market.
At 9:01 a.m., CapitaMalls was traded at $2.28 compared with its initial public offering price of $2.12 a share. It opened at $2.30.
The IPO of CapitaLand’s (CATL.SI) malls unit was 1.7 times oversubscribed, the company said late yesterday.
