First Tibetan company completes HK IPO

A Tibetan bottled-water company lists in Hong Kong, but Hosa and China Outfitters are forced to cancel their deals as investors shy away from mid-cap IPOs.

First Tibetan company completes HK IPO
Sourced from a Tibetan glacier, 5100 is a luxury water brand in China

Tibet 5100 Water Resources Holdings has raised HK$1.38 billion $177 million from its initial public offering and will become the first Tibetan company to list in Hong Kong when it starts trading on Thursday. The producer of bottled mineral water overcame the negative sentiment towards IPOs and was able to fix the price just below the mid-point of the offering range last Friday.

Together with the fact that Prada finished slightly above the...

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