Shanghai Prime Machinery and Dalian Port price IPOs at top end
Overwhelming demand for latest H share IPOs, which are both plays on China's rapid economic growth.
Strong liquidity in the Hong Kong market, and enthusiasm for China plays has enabled two H share IPOs to successfully price at the top end of their pricing range.
Shanghai Prime Machinery SPM has raised HK$1.26 billion $163 million from the sale of 44.6% of its enlarged share capital at HK$2.10 per share, while Dalian Port tapped investors for HK$2.16 billion $279 million by selling 30% of the company at HK$2.575. Both deals saw maximum...
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