WH Group shrinks IPO

The Chinese pork producer unveiled a slimmed down deal of $1.34 billion to $1.88 billion after a difference of opinion between issuer and investors on pricing.

WH Group shrinks IPO

WH Group is restructuring its initial public offering in Hong Kong after a difference of opinion between issuer and investors about where the shares should price. The Chinese pork producer unveiled a slimmed down deal of $1.34 billion to $1.88 billion, excluding any potential greenshoe allotment.

The group halved the primary share deal to 10% of its issued share capital, or 1.3 billion shares, and scrapped a secondary share tranche altogether. The price range...

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