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 BeverageÆs $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...
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