Country Style Cooking shares jump in trading debut; shares rise as much as 60 percent

Country Style Cooking surges in trading debut

NEW YORK — Shares of Country Style Cooking Restaurant Chain are rocketing on their first day of public trading, rising more than 50 percent.

The China-based restaurant chain says it sold 5 million shares of stock to the public for $16.50 each. It had expected its IPO to price between $14 and $16 per American depositary share.

The shares rose as much as 60 percent in Tuesday trading.

The company raised raise $82.5 million from the offering, and could collect more if the underwriters of the IPO exercise an option to buy additional shares.

The stock rose $9.02, or 55 percent, to $25.52 in midday trading. The shares peaked at $26.45.