Chow Tai Fook Jewellery raises $2 billion from IPO

The jewellery retailer prices at the bottom and doesn't exercise the upsize option, while Haitong Securities delays the pricing of its H-share IPO until today.

Chow Tai Fook Jewellery raises $2 billion from IPO

Chow Tai Fook Jewellery Group on Friday priced its Hong Kong initial public offering at the bottom of the range at HK$15 per share. Demand was sufficient to cover the base deal and the 15% greenshoe, but not enough to exercise the 20% upsize option, leaving the deal size at HK$15.75 billion $2 billion.

Still, this makes it the third-largest IPO in Hong Kong this year, excluding Glencore International, which listed more...

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

EVENTS