SITC prices largest HK IPO since Agricultural Bank

The container shipping and logistics company fixes the price at the bottom of the range to raise $400 million amid a heavy month for new Hong Kong listings.

China-based SITC International Holdings has raised HK$3.12 billion $400 million from the largest initial public offering in Hong Kong since Agricultural Bank of China’s record-breaking dual-listing in July. But the deal is by no means coming in isolation. Since the beginning of September, seven smaller IPOs have already priced in Hong Kong and currently in the market are another nine offerings ranging from $200 million to $680 million. Add to that AIA Group’s second attempt at a Hong...

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