China Tourism Group Duty Free Co. made a delayed trading debut in Hong Kong on Thursday, after the state-controlled travel retailer raised $2.1 billion in the city’s biggest stock sale this year.
Heavy rain and strong winds caused by a typhoon led Hong Kong’s stock-exchange operator to open the market at 1 p.m. local time, resulting in a shortened trading day. It also postponed CTG Duty Free’s on-site listing ceremony to Friday morning.