Silver Base prices IPO at the top

The Chinese liquor distributor raises $133 million to tie with Real Gold Mining as the largest Hong Kong IPO this year.

Chinese liquor distributor Silver Base Group on Friday priced its initial public offering at the top of the range after a strong secondary market gave investors the confidence to buy in. The final price of HK$3.45 per share enabled the company to raise HK$1.03 billion $133 million, putting it exactly on par with Real Gold Mining as the largest Hong Kong IPO this year.

Real Gold's share price initially fell after its February 23 debut and at...

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