huiyuan-juice-proves-consumption-stocks-are-still-hot

Huiyuan Juice proves consumption stocks are still hot

The IPO is priced at the top end of the range for a total deal size of $308 million after attracting more than $57 billion of demand.
China Huiyuan Juice Group has priced its initial public offering at the top end of the range for a total deal size of HK$2.4 billion $308 million after overwhelming demand ensured it became not only the largest Hong Kong IPO year to date, but also the most popular.

The demand shows that Chinese consumption-related stocks remain in favour as the Mainland economy continues to churn out impressive growth figures. Sources said the smallish deal had attracted more than $57 billion worth of demand.

The retail tranche was more than 900 times covered, which meant that it alone tied up HK$216 billion $27.7 billion worth of cash, putting it just behind last yearÆs much...
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