Beijing Digital opens books for HK IPO

Beijing Digital began taking institutional orders June 25 and joins a slew of other Chinese companies trying to float shares in Hong Kong.

Beijing Digital Telecom, one of China's largest mobile handset and digital product store chains, has begun taking orders from institutional investors as it seeks to raise up to $150 million from an initial public offering of shares in Hong Kong.

Amid a rush of mainland Chinese companies looking to float in the former British colony, Beijing Digital Telecom aims to sell 166.7 million primary shares priced at between HK$5.30 and HK$7.10 each.

Citi and UBS are lead-managing the deal, with DBS and Standard Chartered acting as joint bookrunners.

The base offering represents 25% of enlarged share capital but there is also...

¬ 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