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

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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