Resumption of public floats spark volatility on bourses

Some investors opt to sell existing holdings to bet funds on new listings

Initial public offerings resumed on Monday amid volatile trading that sparked worries about another market plunge.

After a four-month freeze, industrial explosives manufacturer Hubei Kailong Chemical Group Co Ltd became the first of 28 companies that had their IPOs suspended during the summer market rout to offer shares to investors, in its case on the Shenzhen Stock Exchange.