Forgame raises $206 million as the IPOs keep coming

More companies launch roadshows, while Kerry Properties and Power Assets announce Hong Kong spin-offs. Huishan Dairy falls 3% in its debut.

Forgame raises $206 million as the IPOs keep coming
Optimism received a dent on Friday as China Huishan Dairy fell 3% in its trading debut.

Forgame Holdings, the Chinese online gaming company, has raised HK$1.6 billion $206 million ahead of its Hong Kong listing after receiving strong demand from institutional and retail investors.

The deal priced in the upper half of the indicated range and was the first Hong Kong IPO above $100 million to see a full clawback in favour of retail investors since Time Watch Investments’ $118 million offering in January this year.

It...

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