Yue Yuen spin-off and Chinese developer complete IPOs

Pou Sheng raises $322 million after fixing the price above the low end of the range, while Central China Real Estate has to settle for the minimum $176 million.

Another two Hong Kong listing candidates have priced their initial public offerings, raising a combined $498 million and showing that the market is open for deals even though demand remains tepid and order sizes are smaller than they were a year ago.

Sportswear distributor Pou Sheng International Holdings, which is a spin-off of Hong Kong-listed athletic shoe manufacturer Yue Yuen Industrial Holdings, was the most popular of the two and was able to fix the price slightly above the...

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