World's best-performing IPO this year has gained over 6,000%
The world's best-performing initial public offering (IPO) by the Hong Kong-based Luen Wong Group Holdings Limited is currently trading 6,715% above its offer price. The civil engineering company's stocks had jumped over 1,400% on the first trading day after its April IPO. Luen Wong had reported sales worth $41 million last year and is currently valued at $2.9 billion.