Trinity shows IPO fatigue doesn't extend to all deals

The luxury menswear retailer prices near the top to raise $96 million after a strong reception from both institutional and retail investors.

Trinity Limited yesterday priced it initial public offering near the top end of the offering range at HK$1.65 per share, which allowed it to raise HK$745.7 million $96 million ahead of its Hong Kong listing on November 3.

With strong demand from both retail and institutional investors, the small-cap retailer of high-end and luxury menswear in Greater China showed no symptoms of the IPO fatigue that appears to have affected the property IPOs that are in the...

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