WH Group brings home the bacon

The Chinese pork producer has raised $2.05 billion, with the issuer experiencing strong retail uptake and anchor support in the restructured deal.

WH Group brings home the bacon

WH Group, the Chinese pork producer that pulled its high-profile $5 billion initial public offering earlier this year, raised $2.05 billion in a re-launched deal, buoyed by rallying Asian stock markets.

The pork producer sold 2.56 billion shares at a fixed price of HK$6.20 per unit, people familiar with the situation said on Tuesday night.

WH Group’s re-launched deal was offered at a cheaper valuation, with the fixed price putting the...

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