Hidili to price $525 million IPO at the top

The sizable IPO attracts strong demand suggesting investors may not be as worried about lingering market volatility as bankers initially thought.

Recent placements and block trades for Hong Kong-listed companies may have required wide discounts to attract sufficient demand, but Hidili Industry International DevelopmentÆs initial public offering brings proof that investors have money to put to work. And, more importantly, that they are willing to take a bet on untested companies.

The privately-owned Chinese coking coal producer is the first company of size to complete a Hong Kong IPO since the secondary market started recovering from the August correction, and according...

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