By Michelle Toh, CNN Business China Mobile’s inventory surged on its first day of trading in Shanghai, where it was forced to pull out after being kicked off Wall Street a year ago. Shares of the Chinese telecom giant rose 1. 8 on Wednesday after retiring mainland China’s largest board in 10 years, according to Dealogic. The company had in the past raised about 48. 7 billion yuan ($7. 64 billion), a figure that could even exceed 56 billion yuan ($8. 8 billion) if an over-allocation option is taken in early February. China Mobile shares were trading at 58. 64…