ChinaBlue continues recent trend and prices IPO at top

Investors attracted to the CNOOC brand and the company's expansion of methanol production.

ChinaBlue Chemical, the fertiliser unit of the MainlandÆs third largest oil and natural gas producer China National Offshore Oil Corp CNOOC, has fixed the price of its initial public offering at the top end of the indicated range for a total deal size of HK$2.66 billion $342 million.

The CNOOC name attracted a lot of attention to the offering and like other recent Hong Kong IPOs, ChinaBlue ended up heavily oversubscribed both by institutional...

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