Zijin Gold International Co. jumped in its Hong Kong trading debut after the international unit of China’s biggest miner raised $3.2 billion in the world’s largest initial public offering since May.
The shares climbed as much as 66% to HK$119 on Tuesday. They were up 60% at 10 a.m., valuing the company at HK$300 billion ($38.6 billion) and overtaking the likes of Chile-based Antofagasta Plc, one of the world’s biggest copper miners.