China Renaissance, Shandong Gold IPOs vie for attention

Following Meituan-Dianping and Haidilao, the two candidates have kicked off their listings, targeting a combined $1.15 billion in what looks set to be a busy month of Hong Kong IPOs.

The typically busy post-summer share sale season has shifted up a gear with initial public offerings from financial advisory firm China Renaissance and state-owned gold miner Shandong Gold. 

The two companies launched their deals on Thursday and hope to raise as much as $1.15 billion combined.

Shandong Gold, which is majority-owned by the Shandong provincial government, is the bigger of the two IPOs as it seeks to raise between HK$4.8 billion to HK$6 billion $614 million to $767 million pre-greenshoe.

Its Reg S and 144A deal features 327.7 million shares 15% of the company’s enlarged share capital offered at...

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