Kisco puckers up for IPO

Kunming Iron & Steel pre-markets $175 million to $200 million IPO.

Yunnan's largest industrial concern, Kunming Iron Steel Kisco, began pre-marketing in the US late last week for a $175 million to $200 million H share IPO.

The Credit Suisse First Boston led deal has a standard Hong Kong IPO structure, with a 90.9%9.1% split between primary and secondary shares and a 90%10% split between institutional and retail investors. Joint leads are Core Pacific Yamaichi and Kingsway, with CIBC and South China Securities...

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