chinese-coal-miner-kicks-off-hong-kong-ipo

Chinese coal miner kicks off Hong Kong IPO

Hidili Industry is offered at a significant discount to its listed peers, but still hopes to raise more than $500 million at the top of the range.
Summer is officially over in Hong Kong with the launch today of the formal roadshow for Hidili Industry International DevelopmentÆs initial public offering which could raise $500 million if priced towards the top of the price range.

The privately owned Chinese coking coal producer will be the first company to seek a listing in Hong Kong after the global equity market correction last month and consequently will be the first test of whether investors are willing to put their money on unproven stocks.

The response should be particularly interesting for the parties involved in the upcoming IPO of Sino-Ocean Real Estate, which kicks off pre-marketing today, and online roll-playing game provider Kingsoft, which started investor...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222