SITC prices largest HK IPO since Agricultural Bank

The container shipping and logistics company fixes the price at the bottom of the range to raise $400 million amid a heavy month for new Hong Kong listings.

China-based SITC International Holdings has raised HK$3.12 billion $400 million from the largest initial public offering in Hong Kong since Agricultural Bank of China’s record-breaking dual-listing in July. But the deal is by no means coming in isolation. Since the beginning of September, seven smaller IPOs have already priced in Hong Kong and currently in the market are another nine offerings ranging from $200 million to $680 million. Add to that AIA Group’s second attempt at a Hong...

To continue reading, please login or register for free

Click for more on: ipo | shipping | container shipping | logistics | citi | cicc

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...