Petro-king launches Hong Kong IPO

The China-based oilfield services company seeks to raise up to $109 million from the offering with cornerstone investors taking about one-third.

Petro-king launches Hong Kong IPO

Termbray Petro-king Oilfield Services started the institutional bookbuilding on Friday for a Hong Kong initial public offering that is aiming to raise between HK$695 million and HK$847.5 million $90 million to $109 million. The retail portion of the deal opened on the same day.

Ahead of the launch, the company had signed up five cornerstone investors that committed to invest a total of $35 million in the offering. That means the cornerstone...

To continue reading, please login or register for free

Click for more on: ipo | oil | gas | services | ccb international | china galaxy | cimb

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...