Shenguan Holdings IPO to raise up to $160 million

The manufacturer of sausage casings is raising capital to expand its production capacity.

Shenguan Holdings Group, a Chinese company that makes the edible coating for sausages, launched an institutional roadshow on Friday for an initial public offering that is seeking to raise as much as HK$1.24 billion $160 million. The company is raising capital to expand its overworked production facilities.

Shenguan is offering 400 million shares at an indicative price range of between HK$2.10 and HK$3.10. A 15% greenshoe, if fully exercised, could increase the final deal size...

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