Air China IPO: first class response from investors

China''s largest airline catches positive tail wind from momentum-driven markets.

Air China priced its Hong Kong and London IPO yesterday December 9, raising HK$8.36 billion $1.08 billion pre greenshoe from the CICC and Merrill Lynch led deal. The 2.805 billion share offering was priced at HK$2.98, representing a 4% discount to the top end of a HK$2.35 to HK$3.10 indicative range.

The company and its lead managers appear to have taken a sensible approach to pricing, recognizing that bullish sentiment in...

To continue reading, please login or register for free

Click for more on: air | china | ipo | first | class | response | investors

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 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 ...