Largest Singapore IPO by a Chinese company

Yangzijiang Shipbuilding raises $622 million as strong demand allows it to fix the price at the top of the indicated range.

Yangzijiang Shipbuilding last Thursday priced its initial public offering at the top end of the range, confirming its ranking as the largest ever IPO by a Chinese company in Singapore.

At S$943.4 million $622 million it is also the largest IPO of any nationality in the city state since Thai BeverageƆs $983 million IPO in May last year.

According to sources, the UBS-led deal attracted strong demand from international investors who recognised the fact that the Chinese shipbuilding industry...

To continue reading, please login or register for free

Click for more on: ipo | shipping | shipbuilding | ubs | dbs

Print Edition

FinanceAsia Print Edition


  • 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 ...