Qingdao Port adds more relief to HK IPO market

The state-owned port operator raises US$377m ahead of its Hong Kong listing.

Qingdao Port adds more relief to HK IPO market
Qingdao Port

Qingdao Port International raised US$376.6 million ahead of its Hong Kong initial public offering on Friday, adding some relief to the market following the pulled listing of pork producer WH Group.

The state-owned port operator sold 776.4 million new shares at a fixed price of HK$3.76 under the lead of BOC International, Citic Securities International and UBS. This represents 16.5% of the enlarged share capital, valuing the company at US$2.28 billion....

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