Fosun set to raise maximum amount from IPO

Fosun's exposure to A-shares allows it to attract more than 1,000 institutional investors to its $1.48 billion offering.

Given the strong line-up of cornerstone investors and its promise of providing exposure to A-share companies, it comes as no surprise that Fosun International’s initial public offering should price at the top of the indicative range of HK$6.98 to HK$9.23.

In fact, chairman Guo Guangchang told investors during the roadshow that this was the intention and, although the final price had yet to be formally announced, sources said over the weekend that...

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