Goodbaby IPO thrown out with China water

Hong Kong's first IPO marketed within the 2016 calendar ends in failure as Chinese growth worries take their toll and investors demand meatier discounts.

Goodbaby IPO thrown out with China water

Goodbaby China’s decision to pull its HK$1.25 billion $161 million initial public offering in Hong Kong reflects deteriorating investor confidence towards consumer plays in China as the economy slows, two investors familiar with the company told FinanceAsia on Thursday.

Sources close to the deal said the Chinese maternity, baby, and children's products seller failed to price the offering as scheduled on Tuesday.

One fund manager who had expressed some...

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