Real Gold IPO to raise up to $132 million

The Inner Mongolian gold mining company is set to be the first Hong Kong listing of size since October last year.

Real Gold Mining, a gold mining company based in Inner Mongolia, intends to raise between HK$717 million and HK$1.03 billion $92 million and $132 million via an initial public offering that will commence today. If successful, this will be the first IPO of size to happen in Hong Kong since October 2008.

The price range has been set at HK$4.35 to HK$6.25 a share. The offering represents 25% of the company in the...

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