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...