Intime pockets $311 million from its IPO

The Chinese department store operator attracts strong demand, showing investor interest remains intact after the market correction.

Intime Department Store has priced its initial public offering at the top of the range for a total deal size of HK$2.43 billion $311 million, which suggests the recent market correction and subsequent volatility hasnÆt yet had much impact on the Hong Kong IPO market.

Other parts of the capital markets are finding the going tough at the moment with the number of overnight placements having slowed to a trickle and convertible bond issuance being thinner still. But...

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