News Snapshot:
SHANGHAI (Reuters) – United Imaging Healthcare Co’s shares surged as much as 75% in their Shanghai debut on Monday following the Chinese firm’s $1.6 billion initial public offering (IPO), the biggest on China’s tech-focused STAR Market so far this year. The jump came after strong demand during the share sale, the third-largest IPO in China this year, as investors pinpointed the diagnostic imaging device manufacturer as a safe haven amid gloomy prospects for growth in the country, analysts said. Shares in the company, the biggest domestic player in its field, opened 55% higher at 170.1 yuan and at the midday...
