Hong Kong-listed Dalian Port, one of the largest port operators in China, is looking to raise between Rmb5.4 billion and Rmb6 billion $813 million to $903 million from a Shanghai initial public offering.
If successful, it will be the third port IPO in Shanghai this year. However, the two port operators that went public before Dalian -- Ningbo Port and Tangshan Port -- both received a lukewarm response and are struggling to stay above their IPO prices amid a...