Pulled pork: WH Group scraps IPO

Bookrunners fail to bring home the bacon after the company decides to pull its Hong Kong listing.

Pulled pork: WH Group scraps IPO

WH Group has scrapped its revised Hong Kong listing after the Chinese pork giant was unable to get the valuation it wanted, having hoped to raise up to $1.9 billion from the share sale.

The company's original proposal would have potentially raised $7.2 billion, making it the biggest initial public offering of shares in Asia since AIA’s $20 billion flotation in 2010. But the size of the deal was slashed last week after WH...

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: wh group | smithfield foods | ipo

Print Edition

FinanceAsia Print Edition