Cathay Pacific Airways made a significant debut on the Hong Kong Stock Exchange in 1986, accounting for a massive $446 million in turnover on its first day. Despite the excitement, the rest of the market saw limited activity, with the Hang Seng index dropping.

Turnover soars as Cathay takes off By Jerry Norton This article was first published on May 16, 1986 Cathay Pacific Airways had a memorable take-off in the stock market yesterday, accounting for a massive $446 million worth of turnover, more than the combined value of all other shares traded. The action in the rest of the market was strictly pedestrian, however, as the excitement over Cathay failed to spill over to other shares and the Hang Seng index dropped 27 points. In volume terms, 86.6...