China Shipping makes it to dock

A 2.42 billion share IPO for China Container Shipping was priced at the bottom end of its indicative range yesterday (Thursday) after struggling to get out of reverse gear for the whole of its marketing period. A total of HK$7.68 billion ($985 million) was raised after the deal was priced at HK$3.175, the bottom end of a HK$3.175 to HK$4.175 range.