Qingdao Port kicks off roadshow

The port operator becomes the latest company to attempt a Hong Kong flotation in difficult markets.

Qingdao Port kicks off roadshow

Qingdao Port International began formal roadshows Monday and aims to raise up to $377 million in a Hong Kong initial public offering next month, the latest company to test the city’s uncertain IPO market.

The state-owned port operator plans to sell 776.4 million new shares at HK$3.76 each, with BOC International, Citic Securities International and UBS leading the deal. The listing is scheduled for June 6, according to a term sheet.

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