Wison Engineering launches Hong Kong’s latest IPO

The Chinese engineering company, which has signed up three cornerstone investors for a combined $50 million, seeks to raise up to $273 million from the offering.

Wison Engineering launches Hong Kong’s latest IPO
Wison is now a significant player in the offshore oil industry

Wison Engineering Services, a Chinese engineering company, kicked off its roadshow yesterday for a Hong Kong initial public offering of between HK$1.67 billion and HK$2.12 billion $216 million to $273 million.

Like other recent offerings, Wison has signed up cornerstone investors that are taking up a combined $50 million, or up to 23.1% of the deal. The three cornerstones are Chow Tai Fook Nominee, the investment holding company controlled by Hong Kong...

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