WH Group IPO is now more of a piglet

The Chinese pork producer has lowered the valuation for its planned Hong Kong listing to a fixed price of HK$6.20 per unit from HK$8 to HK$11.25.

WH Group IPO is now more of a piglet

WH Group has lowered the valuation for its planned Hong Kong IPO after pulling the initial high-profile $5 billion deal in April.

The Chinese pork producer is now seeking to raise up to $2.05 billion by selling 2.56 billion shares at a fixed price of HK$6.20 per unit, people familiar with the situation said on Tuesday.

This represents 18% of the enlarged share capital. A greenshoe option if exercised could...

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