bosideng-and-xinjiang-xinxin-mining-price-ipos-at-the-top

Bosideng and Xinjiang Xinxin Mining price IPOs at the top

China's second largest nickel miner proves more popular with retail investors than the country's leading down jacket designer.
Two more Chinese companies have priced their initial public offerings at the top end of the indicative range, allowing them to raise a combined $1.34 billion.

ChinaÆs leading down jacket designer Bosideng International set the price at HK$3.98 for a total deal size of HK$6.52 billion $836 million and the countryÆs second largest nickel producer, Xinjiang Xinxin Mining Industry, fixed its price at HK$6.50 to raise HK$3.9 billion $500 million.

If their 15% greenshoes are exercised in full, the size of the two deals could increase to $960 million and $575 million, respectively.

Both deals received solid demand from investors, but perhaps a bit surprisingly it was the mining company...
¬ Haymarket Media Limited. All rights reserved.

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