Nirvana digs up $261m in HK IPO

Although the Malaysian death care firm priced its shares at the bottom of the range, it was a big hit with retail investors.

Nirvana digs up $261m in HK IPO

Nirvana Funeral Services priced its initial public offering of shares at the bottom of its indicative range on Wednesday after a volatile few days trading in Hong Kong.

The Malaysian death care firm raised $261 million after pricing 674 million shares at HK$3.00 per unit, at the trough of a range that scaled up to HK$3.38 per unit, after the benchmark Hang Seng Index shed about 2.5% early in the week, paring back...

To continue reading, please login or register for free

Click for more on: cimb | ubs | dbs | ipo

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...