Cathay Pacific's Soaring Debut: A Glimpse into Hong Kong's Aviation Past The 1980s were a transformative period for Hong Kong, marked by rapid economic growth and increased connectivity to the global market.
The city's aviation sector was emerging as a major player during this time. On May 16, 1986, Cathay Pacific Airways made its stock market debut on the Hong Kong Stock Exchange.
Cathay's initial public offering (IPO) raised HK$3. 88 per share, but by the end of its first trading day, prices had skyrocketed to $5. 15 – a staggering 33% premium on the offer price.