Bottled water IPO makes founder China’s third-richest person as shares surge on debut

- Retail portion of Nongfu deal was 1,148 times oversubscribed; shares of the bottled-water maker jumped as much as 85% and closed up 54% in Hong Kong
- The surge has pushed the net worth of Zhong Shanshan, who owns 84% of the company he founded in 1996, to $51 bn