cccc-and-jin-jiang-price-ipos-at-the-top

CCCC and Jin Jiang price IPOs at the top

The "new" sectors attract overwhelming demand from institutions and retail investors alike.
Hong Kong listing candidates continue to price their offerings at the top of the range as the demand for new paper shows no signs of slowing down even with just two weeks left to the Christmas holidays

China Communications Construction Company is a case in point According to a source, ChinaÆs largest designer and builder of ports attracted more than 1,000 orders and about $160 billion worth of demand from institutional investors, making it more sought after than both Bank of China and China Merchants Bank

This allowed the company to price the IPO at the top of the HK$3 40 to HK$4 60 range for a total deal size of HK$16 1 billion ($2...
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