361-degrees-prices-ipo-at-hk361

361 Degrees prices IPO at HK$3.61

The sportswear company raises $231 million that it will use to develop awareness of its brand and improve its production facilities.

Chinese sportswear company 361 Degrees International will raise HK$1.9 billion $231 million ahead of its listing next Tuesday after fixing the price of its initial public offering at a level that everyone will be sure to remember. It is almost certainly a Hong Kong first in that the name of the company and the IPO price are one and the same, give or take a decimal point, although other companies have in the past priced their offerings to equal their local ticker codes.
 
The deal was priced below the mid-point of the indicative range between HK$3.15 and HK$4.35 at an eponymous HK$3.61. Sources said that...

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