Chinalco Mining raises $400 million from Hong Kong IPO
Chinalco’s Peru unit draws strong demand, leading the retail tranche to be about 25 times covered, while cornerstone investors take up 60% of the deal.
January 25, 2013
Chinese property developer Golden Wheel Tiandi Holdings has raised HK$756 million ($98 million) from the first initial public offering of size in Asia this year. Encouragingly, the deal attracted good interest both from institutional and retail investors, suggesting that the appetite for new listings may be returning.
Registered users get 2 free articles in 30 days.
Subscribers have full unlimited access to FinanceAsia.
Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.
Questions?
See here for more information on licences and prices, or contact [email protected].