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China’s Laopu Gold surges 15% as investors devour newly available shares

A surge in the supply of Laopu Gold shares after the end of a lock-up period turned out to be a buying opportunity for investors who missed out on the luxury jeweller’s 14-fold surge since its 2024 debut. The Beijing-based company’s shares jumped 15 per cent to a record of HK$1,008 on Monday, bucking concerns of a pullback after 69 million shares – a 40 per cent stake – became free-floating, allowing pre-listing investors including founder Xu Gaoming to sell without restrictions a year after the...


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