Sinochem seeks $5.5 billion from Shanghai IPO

The deal could be the sixth-biggest IPO in Shanghai, where turbulent equity markets have not dampened supply.

Sinochem seeks $5.5 billion from Shanghai IPO

The flow of big initial public offerings from China’s state-owned companies continues despite the weak market conditions. Sinochem Corp, the country’s biggest supplier of chemical products, is bravely pushing ahead with a new Rmb35 billion $5.5 billion IPO in Shanghai, less than a month after the massive $2.1 billion IPO of Sinohydro, a builder of hydroelectric dams.

Sinochem’s deal is the latest indication of the contrast between primary and secondary markets in Shanghai. The benchmark...

To continue reading, please login or register for free

Click for more on: chinese ipo | sinochem | sinohydro | ashare | shanghai stocks | csrc

Print Edition

FinanceAsia Print Edition

CONFERENCES