Sunshine Oilsands launches Hong Kong IPO of up to $606 million

The Canadian energy company, whose cornerstone investors include China’s sovereign wealth fund, kicks off the management roadshow today.

Sunshine Oilsands launches Hong Kong IPO of up to $606 million
Alberta's oil sands are one of the planet's biggest carbon deposits

Calgary-based Sunshine Oilsands will launch the institutional bookbuilding for its Hong Kong initial public offering today, about a week later than initially expected due to what sources say was a process-related issue.

The oil sands company has set a price range that will allow it to raise between HK$4.49 billion and HK$4.69 billion $580 million to $606 million through the first large-scale IPO in Hong Kong this year. It is offering 923 million...

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