Institutions drawn to Cogobuy's HK IPO

The Shenzhen-based e-commerce company's IPO has been well received among institutions but is another Chinese deal relying on cornerstone support.

Institutions drawn to Cogobuy's HK IPO

Demand for shares in Cogobuy, a Shenzhen-based e-commerce company, is robust leading up to its Hong Kong initial public offering, according to a source familiar with the deal, which prices later this week.

Cogobuy aims to raise up to HK$1.54 billion $199 million by selling 343.8 million shares at between HK$3.20 and HK$4.48 per unit  a figure that could rise by a further HK$231 million once a...

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