Gateway sets terms for $200 million Hong Kong offering

EIG-linked Gateway is seeking to double its NAV by raising fresh capital primarily from private banking clients and high-net-worth individuals and is set to become the first managed fund to list in Hong Kong.

Gateway sets terms for $200 million Hong Kong offering
EIG invests across the entire energy value chain and has deployed more than $9.6 billion under management

Gateway Energy and Resource Holdings has set the terms for its initial offering at a level that will allow it to raise at least HK$1.52 billion to HK$1.56 billion $196 million to $201 million, according to sources. It will be the first managed fund to list in Hong Kong and, unlike most IPOs in the city, it won’t have a retail portion.

Gateway, which has already been on the road for...

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