Hongqiao IPO raises $822 million at second attempt

Hongqiao raises less than half it originally planned to, but bankers are relieved as the Chinese aluminium producer successfully launches in a choppy market.
March 21, 2011

China Hongqiao Group, the country’s leading aluminium producer, raised HK$6.37 billion ($822 million) on Friday in the largest Hong Kong IPO by a metal and mining player during the past year.

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