Hopewell secures IPO at premium

Gordon Wu gets his premium valuation for Hopewell Highway Infrastructure (HHI).

Hopewell Highway Infrastructure HHI completed a 720 million share offering towards the bottom end of the deal's indicative price range yesterday Thursday. Under the lead management of Citigroup, the deal was priced at HK$4.18 per share compared to an indicative range of HK$4.10 to HK$4.75 and raised proceeds of $385 million pre shoe.

On the surface, pricing at these levels seems uninspiring. However, the company set out with an extremely aggressive valuation...

To continue reading, please login or register for free

Click for more on: hopewell | secures | ipo | premium

Print Edition

FinanceAsia Print Edition

CONFERENCES