Bankers yesterday started investor education for the Hong Kong initial public offering of AAG Energy, a Chinese natural gas producer.
The company is expected to raise between $160 million and $200 million. The management roadshow is expected to start on December 5, and the listing is slated for December 20, according to a term sheet.
It has been a relatively busy couple of weeks for the Hong Kong IPO market as the year-end approaches. This week, PICC Group is set to price its high-profile H-share IPO of between $3 billion to $3.6 billion, which looks to be the biggest in the city this year.