hidili-to-price-525-million-ipo-at-the-top

Hidili to price $525 million IPO at the top

The sizable IPO attracts strong demand suggesting investors may not be as worried about lingering market volatility as bankers initially thought.
Recent placements and block trades for Hong Kong-listed companies may have required wide discounts to attract sufficient demand, but Hidili Industry International DevelopmentÆs initial public offering brings proof that investors have money to put to work. And, more importantly, that they are willing to take a bet on untested companies.

The privately-owned Chinese coking coal producer is the first company of size to complete a Hong Kong IPO since the secondary market started recovering from the August correction, and according to sources, it attracted strong demand from both institutional and retail investors.

This will be good news for the other nine companies that are currently in the Hong Kong market seeking to raise a combined...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222