Shares of Golden Wheel Tiandi, a Nanjing-based property developer, soared on their trading debut in Hong Kong yesterday, prompting more listing hopefuls to relaunch their plans for an initial public offering on the back of increasing appetite among investors.

The stock advanced more than 20 per cent to close at HK$ 2.04 yesterday after surging as much as 25 per cent at one point. In contrast, the benchmark Hang Seng Index dipped 0.1 per cent.