ajisen-taps-210-million-from-its-ipo

Ajisen taps $210 million from its IPO

The fast-food noodle restaurant operator prices its offering at the top as the Chinese consumption story prevails.
Ajisen China has priced its initial public offering at the top of the range for a total deal size of HK$1.64 billion $210 million, showing resolute confidence from both institutional and retail investors in the growing Chinese retail sector.

The offering, which was the third Hong Kong IPO this year to give investors exposure to the Chinese consumption story after China Huiyuan Juice and Intime Department Store, had no price sensitivity in the book. It also had a high conversion ratio of 80% to 90% from the roadshow, which left the institutional tranche with a coverage ratio in the double-digits post claw-back, sources say. The claw-back, which saw the retail tranche being increased...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222