Zhong Shanshan, the 65-year-old founder and controlling shareholder of Nongfu Spring, in an undated photo. Photo: WEIBO Zhong Shanshan, the 65-year-old founder and controlling shareholder of Nongfu Spring, in an undated photo. Photo: WEIBO
Zhong Shanshan, the 65-year-old founder and controlling shareholder of Nongfu Spring, in an undated photo. Photo: WEIBO
IPO

Hong Kong’s most overbought IPO Nongfu Spring gushes on debut, pushing founder to among China’s newly minted billionaires

  • Company’s shares surged 85 per cent in early trading from IPO price of HK$21.50
  • Debut made Nongfu founder Zhong Shanshan one of China’s richest people

Topic |   IPO
Zhong Shanshan, the 65-year-old founder and controlling shareholder of Nongfu Spring, in an undated photo. Photo: WEIBO Zhong Shanshan, the 65-year-old founder and controlling shareholder of Nongfu Spring, in an undated photo. Photo: WEIBO
Zhong Shanshan, the 65-year-old founder and controlling shareholder of Nongfu Spring, in an undated photo. Photo: WEIBO
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