Chinese property developer Ronshine China Holdings braved turbulent stock markets on Thursday to price Hong Kong's first initial public offering of 2016.
The Fujian-based mid-to-high end developer raised HK$1.81 billion $233 million after settling the final offer price for 337.5 million shares at HK$5.36 per share, the lowest end of an indicative range that went as high as HK$6.13, sources familiar with the situation said.
The deal marks a...