Want Want IPO scrapes through in tough market

The producer of rice crackers and flavoured milk prices its offering at the bottom of the range for a total deal size of $1.04 billion.

Want Want China Holdings was able to attract enough demand to complete its initial public offering, but investors were hard-pressed to part with their money amid the ongoing volatility and poor overall sentiment. So it came as no surprise that the snack food producer priced the offering at the bottom of the range.

The final price of HK$3 per share gives a total deal size of HK$8.15 billion $1.04 billion, which makes it the second largest Hong...

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