Chinese IPOs

China Moly seeks $579 million from Shanghai IPO

Five years after its overwhelmingly popular IPO in Hong Kong, China Molybdenum is seeking to raise around $579 million from a new share sale in Shanghai.

The race to list in Shanghai shows no signs of slowing, despite growing worries that the wobbly housing market and deteriorating credit quality of domestic lenders could stall China’s economic growth.

¬ Haymarket Media Limited. All rights reserved.

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