Asia's first theme park IPO raises $316m

China's Haichang Holdings priced shares in the middle of its indicative range and met with solid demand as global investors sought greater exposure to domestic tourism in China.

Asia's first theme park IPO raises $316m

Chinese theme park operator Haichang Holdings has raised $316 million from an initial public offering of shares.

The company priced 1 billion shares at HK$2.45 per share late on Saturday, slightly above the middle of its initial price range of HK$2.18 and HK$2.68. Based on the term sheet, the total amount raised could rise to $363 million if a greenshoe option is exercised.

Demand for Haichang China’s version of...

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