Honma completes Hong Kong IPO

Premium golf brand pushes pricing above the mid-point of its IPO range after a poor showing from retail investors but stronger demand from institutions.

Honma completes Hong Kong IPO
Team Honma

Premium equipment manufacturer Honma Golf priced its Hong Kong initial public offering above the mid-point of its range on Thursday after receiving a contrasting response from institutional and retail investors.

The 133.99 million share issue pre-shoe was priced at HK$10, raising HK$1.339 billion $172.1 million.

At HK$10 per share, pricing was fixed 61.2% through the HK$8.46 to HK$10.98 indicative range, with the institutional book closing just...

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