After an unremitting diet of financial services companies, the Hong Kong initial public offering market is finally getting a taste of another sector with the flotation of Dali Foods.
The Chinese food and beverage manufacturer is the first of a slew of companies hitting the market before the end of year, which hope to re-energise investors’ appetite.
The Fujian-based group kicked off its global roadshow on Wednesday with a deal that could generate proceeds of up to HK$10.4 billion $1.34 billion pre greenshoe.
The transaction comprises 12.4% of the group’s enlarged share capital and constitutes all primary shares. This means existing...