Xiamen Ports launches roadshows

Chinese port operator, Xiamen Ports, is hoping recent momentum in the Hong Kong IPO market will counter the continuing poor performance of global shipping stocks. The BNP Paribas Peregrine led deal is aiming to raise HK$1 billion ($130 million) to HK$1.28 billion ($156 million) from its IPO based on a price range of HK$1.18 to HK$.142 and issue of 858 million shares.
Pricing is scheduled for December 9.