Evergrande and Wing Fat fail to complete IPOs
The Hong Kong deals become the latest victims of the difficult market, while Solargiga and Xingfa Aluminium are able to attract enough buyers to their smaller offerings.
As projected, Evergrande Real Estate Group became the latest victim of the volatile market conditions as it was forced to withdraw its Hong Kong initial public offering last week. The property developer, which had been aiming to raise between $1.3 billion and $2.1 billion, failed to attract sufficient demand both from institutional and retail investors, sources say.
Wing Fat Printing suffered the same fate, which was somewhat more surprising given its much smaller size at $78 million to $88 million...
To continue reading, please login or register for free