Feiyu prices HK IPO mid-range

The Chinese mobile game developer and operator was two times oversubscribed, with the majority of investors mainland institutions.

Feiyu prices HK IPO mid-range

Feiyu Technology International, the Chinese mobile game developer, priced its Hong Kong initial public offering at the mid-point on Monday after an accelerated bookbuild.  

The company sold 300 million shares at HK$2.20 per unit, the middle of the initial HK$1.85 to HK$2.55 per share range, raising $85 million in the process. The book was two times oversubscribed, with the majority of investors being mainland institutions, according to bankers close to...

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