Dalian Port seeks $903 million from Shanghai IPO

Prepared for a possible disappointing market, Dalian Port cuts its target deal size by 37.5% and offers its shares at a wide discount compared to other Shanghai-listed port operators.

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...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...