Chinese iron ore miner raises $266 million from IPO

China Vanadium Titano-Magnetite Mining attracts more than 100 institutional investors and sees a partial clawback, while Wilmar China decides to hold off on its IPO.

China Vanadium Titano-Magnetite Mining has priced its initial public offering just above the mid-point of the offering range at HK$3.50 for a total deal size of HK$2.06 billion $266 million. The shares were offered in a range between HK$3.12 and HK$3.86.

The deal attracted just over 100 institutional investors and a pretty good retail following, which should come as a relief for other listing candidates at a time when the secondary market has taken on...

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