Ausnutria and Yingde Gases raise a combined $564 million

The pricing power of key investors, combined with some investor fatigue, forces the companies to price well off the top of the range.

Baby milk producer Ausnutria Dairy Corporation raised HK$1.2 billion $154.8 million and Yingde Gases sold HK$3.17 billion $409 million worth of shares ahead of their listings in Hong Kong on October 8. Both companies kept the final price well below the top due to price sensitivity among key accounts and signs that investors are becoming fatigued by IPOs.

Meanwhile, in the US, Chinese solar power company Renesola on Wednesday priced its fully marketed follow-on at a...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition