China Coal Energy targets $1.7 billion in Hong Kong IPO

The Mainland's second largest coal producer sets the price range at a discount to its larger peer China Shenhua Coal.

China Coal Energy, which kicked off the institutional portion of its initial public offering yesterday, is looking to raise up to $1.7 billion, according to sources.

The targeted size is slightly larger than the $1.2 billion to $1.5 billion talked about during pre-marketing and follows overwhelming demand for a series of other Hong Kong IPOs in the market over the past week. ChinaƆs second largest coal producer based on revenue could be in for more of a challenge, however,...

To continue reading, please login or register for free

Click for more on: ipo | energy | coal | shenhua coal | cicc | citigroup | morgan stanley

Print Edition

FinanceAsia Print Edition


  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 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 ...