Gome returns to equity markets

Company completes second placement in the space of two-and-a-half months.

The controlling shareholder of Gome Electrical Appliances returned to the equity markets yesterday December 14 with an upsized $176 million offering via ABN AMRO, which also led its IPO in July and first placement in September.

A deal was prompted by an overhang in Gome shares as a result of a convertible held by controlling shareholder Wong Yu Kwang who owned 74.9% pre deal and 65.6% post deal. The lead went out with a base...

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