(Bloomberg) — It was the hottest IPO in town. Now Nongfu Spring Co.’s stock surge is turning its founder into China’s second-richest person.Shares of the bottled-water maker jumped as much as 85% and traded up 55% by the midday break in Hong Kong. The debut is on pace to become the city’s fourth best on record among firms that raised more than $1 billion.The surge is pushing the net worth of Zhong Shanshan, who owns 84% of the firm he founded in 1996, to more than $51 billion, according to the Bloomberg Billionaires Index. He’s now the wealthiest person in …read more
Source:: Yahoo Finance
