Follows 1.6 bln listing, China39;s 3rd biggest so far in 2022
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Safer haven amid gloomy prospects for China growth analysts

SHANGHAI, Aug 22 Reuters United Imaging Healthcare Co39;s shares surged as much as 75 in their Shanghai debut on Monday after the Chinese firm39;s 1.6 billion initial public offering IPO, the biggest on China39;s techfocused STAR Market so far this year.

The jump came after strong demand during the share sale, the thirdlargest listing in China this year, as investors pinpointed the diagnostic imaging device manufacturer as a safe haven amid gloomy prospects for growth in the country, analysts said.

Shares in the company, the biggest domestic player in its field, ended the session 65 higher at 181.2 yuan.

Yang Hongxun, analyst at investment consultancy Shandong Shenguang, said the surge was fuelled by both the company39;s fundamentals and ample market liquidity big offerings have flourished in China with total fundraising topping global ranks in the first half.

The market is not in shortage of liquidity, and sentiment is improving, Yang said.

Stepping up moves to bolster its slowing economy, China on Monday cut its benchmark lending rate, following easing measures introduced last week, lifting the main benchmark 0.7. 

In addition, Yang said, United Imaging will also be a mustbuy for institutions given its…