Chinese truck maker takes IPO on the road
Sinotruk launches its $1.2 billion offering amid increasing market volatility and will have to fight for investor attention with several other transport-related companies.
ChinaÆs largest heavy truck manufacturer Sinotruk Hong Kong is the latest company to kick off the institutional roadshow for an initial public offering in what promises to be a month heavily focused on transport.
Also in the market is Sinotrans Shipping, a dry-bulk shipping company that is looking to raise up to $1.47 billion in an offering that closes on Thursday. And yesterday, China Railway Group also kicked-off pre-marketing for the H-share portion of a near simultaneous A- and H-share...
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