Ajisen taps $210 million from its IPO

The fast-food noodle restaurant operator prices its offering at the top as the Chinese consumption story prevails.

Ajisen China has priced its initial public offering at the top of the range for a total deal size of HK$1.64 billion $210 million, showing resolute confidence from both institutional and retail investors in the growing Chinese retail sector.

The offering, which was the third Hong Kong IPO this year to give investors exposure to the Chinese consumption story after China Huiyuan Juice and Intime Department Store, had no price sensitivity in the book. It also had a...

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