Tiangong triggers buying spree

The Chinese special steel manufacturer draws more than $15 billion worth of orders for its $105 million IPO.

Chinese special steel manufacturer Tiangong International Company has priced its Hong Kong initial public offering at the top of the range for a total deal size of HK$826.8 million $105.7 million, after receiving overwhelming demand from the market.

The privately owned special steel manufacturer produces and sells high-speed steel HSS, die steel and cutting tools. High speed steel and die steel are used for specific industrial applications such as the manufacturing of automobiles, machinery and cutting tools....

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: tiangong | ipo | steel | bnp paribas

Print Edition

FinanceAsia Print Edition