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NEW YORK -- Super Hi International, the overseas operator of Chinese hot pot chain Haidilao, soared 46% above its opening price in the first hour of trading after it went public on the Nasdaq Friday morning.
Shares peaked at $28.95 per share compared to its initial public offering of $19.56 per share, which raised $52.7 million after the Singapore-based company sold 2.7 million American depositary shares.
