Equities

Chinese coal miner kicks off Hong Kong IPO

By Anette Jönsson | 3 September 2007
Keywords: ipo | energy | coal | ubs

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Hidili Industry is offered at a significant discount to its listed peers, but still hopes to raise more than $500 million at the top of the range.

Summer is officially over in Hong Kong with the launch today of the formal roadshow for Hidili Industry International Development’s initial public offering which could raise $500 million if priced towards the top of the price range.

The privately owned Chinese coking coal producer will be the first company to seek a listing in Hong Kong after the global equity market correction last month and consequently will be the first test of whether investors are willing to put their money on unproven stocks.

The response should be particularly interesting for the parties involved ...

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