On 28 June, Beijing-based Chinese gold shop/jeweller Laopu Gold (老铺黄金, lit. Old Shop Gold) went public via IPO on the Hong Kong Stock Exchange. The IPO raised over $700 million HKD ($89.62 million USD) with the highest share price growing over 80% on the first day. The value of the company grew by over $5 billion HKD ($640.10 million USD) in one day. The news came a little over six months after the gold shop submitted its prospectus in Hong Kong.