Given the strong line-up of cornerstone investors and its promise of providing exposure to A-share companies, it comes as no surprise that Fosun International’s initial public offering should price at the top of the indicative range of HK$6.98 to HK$9.23.
In fact, chairman Guo Guangchang told investors during the roadshow that this was the intention and, although the final price had yet to be formally announced, sources said over the weekend that nothing had changed in that respect.
This means that the Chinese conglomerate, which has been compared both to Hutchison Whampoa and by the chairman himself to US buyout firm Blackstone, will...
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