China Cosco scrapes home

IPO of China''s largest shipping company prices at bottom of range.

The Hong Kong listing of China Cosco Holdings CCH was priced at the very bottom of its indicative price range on Saturday June 26 after struggling to attract demand. Under the lead management of HSBC, JPMorgan and UBS, a 2.244 billion share deal was priced at HK$4.25, the bottom of a HK$4.25 to HK$5.75 range.

The institutional order book is said to have closed just covered, while the retail order...

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.

Click for more on: china | cosco | scrapes

Print Edition

FinanceAsia Print Edition