Air China IPO: first class response from investors

Air China priced its Hong Kong and London IPO yesterday (December 9), raising HK$8.36 billion ($1.08 billion) pre greenshoe from the CICC and Merrill Lynch led deal. The 2.805 billion share offering was priced at HK$2.98, representing a 4% discount to the top end of a HK$2.35 to HK$3.10 indicative range.