Pacific Online raises $121 million from IPO

The Chinese internet content provider prices its Hong Kong offering above the mid-range, while Bio Beauty decides to call it a day.

China-based internet content provider Pacific Online has raised HK$940.5 million $121 million from its Hong Kong initial public offering after fixing the price above the mid-point of the range, sources say.

This comes at a time when other Hong Kong IPOs in the $100 million to $300 million range have been struggling, with two deals being pulled in the past week and others facing selling pressure immediately after they hit the market. Skincare and cosmetics manufacturer Bio Beauty...

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