Virscend seals IPO amid volatility

Investors take a leap of faith by buying into the Chinese private school operator despite a very volatile week at the start of 2016.

Virscend seals IPO amid volatility

Virscend Education, the Chinese private education company, priced its Hong Kong initial public offering off the bottom end of the indicative price range on Friday despite choppy markets during the course of its bookbuild.

Final pricing was settled late on Friday at HK$2.40 per share against the indicative range of HK$ 2.18HK$2.92 but allocations were still being finalized on Sunday evening, a source familiar with the situation told FinanceAsia....

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