Chow Tai Fook Jewellery raises $2 billion from IPO

Chow Tai Fook Jewellery Group on Friday priced its Hong Kong initial public offering at the bottom of the range at HK$15 per share. Demand was sufficient to cover the base deal and the 15% greenshoe, but not enough to exercise the 20% upsize option, leaving the deal size at HK$15.75 billion ($2 billion).