Ronshine China kicks off 2016 with $233m HK IPO

The Fujian property developer battled through volatile markets to price the year's first initial public offering in Hong Kong.

Ronshine China kicks off 2016 with $233m HK IPO

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...

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