Fuyao Glass sets price range for HK listing

The Chinese auto glass manufacturer is set to offer a chunky discount to its A shares thanks to a widening valuation gap between the Hong Kong and Chinese stock markets.
Fuyao founder, Cao Dewang
Fuyao founder, Cao Dewang
March 16, 2015

Fuyao Glass begins bookbuilding this Wednesday for a HK$6.5 billion to HK$7.39 billion ($839 million to $951 million) dual listing that is on target to beat Hong Kong Broadband Network's recent $750 million deal as the territory's largest initial public offering so far this year.

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