Bank of Communications shares rose 71% in its first day of trading in Shanghai, surpassing already high expectations of its performance, the Financial Times reported. Bocom's shares were initially forecasted to jump 52% in its debut. The shares were offered at US$1.03 (RMB7.9), rose to US$1.95 (RMB14.99) and closed at US$1.76 (RMB13.54). Its mainland-listed shares now trade at 60% above its Hong Kong-listed shares. Bocom, the fifth-largest bank in China, attracted a record amount of subscriptions for a mainland IPO, underscoring investor demand for stock offerings on the mainland.