Kingboard Laminates boosts IPO size

The company may raise up to $819 million, cementing Goldman's position at the top of the league tables. Meanwhile, China Communications Services sets the price range for its $300 million IPO.

Kingboard Laminates Holdings will seek to raise up to $819 million from its Hong Kong initial public offering after setting an indicative price range that values the company quite a bit higher than initially indicated.

The spin-off from Hong Kong-listed Kingboard Chemicals had been expected to raise about $400 million. The sharp increase, according to a source familiar with the offering, was prompted by the surge in the share price of Kingboard Chemicals over the past three weeks and, since...

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