chinese-iron-ore-miner-raises-266-million-from-ipo

Chinese iron ore miner raises $266 million from IPO

China Vanadium Titano-Magnetite Mining attracts more than 100 institutional investors and sees a partial clawback, while Wilmar China decides to hold off on its IPO.

China Vanadium Titano-Magnetite Mining has priced its initial public offering just above the mid-point of the offering range at HK$3.50 for a total deal size of HK$2.06 billion $266 million. The shares were offered in a range between HK$3.12 and HK$3.86.

The deal attracted just over 100 institutional investors and a pretty good retail following, which should come as a relief for other listing candidates at a time when the secondary market has taken on a more negative tone -- the Hang Seng Index has fallen in six of the past eight sessions -- and the last few newcomers have fallen on their debuts.

Peak Sport Products dropped 17% on...

¬ 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