intime-pockets-311-million-from-its-ipo

Intime pockets $311 million from its IPO

The Chinese department store operator attracts strong demand, showing investor interest remains intact after the market correction.
Intime Department Store has priced its initial public offering at the top of the range for a total deal size of HK$2.43 billion $311 million, which suggests the recent market correction and subsequent volatility hasnÆt yet had much impact on the Hong Kong IPO market.

Other parts of the capital markets are finding the going tough at the moment with the number of overnight placements having slowed to a trickle and convertible bond issuance being thinner still. But companies that have chosen to go ahead with their Hong Kong IPOs have found that investor demand is still there û barring of course that they come at the right valuation.

Intime was actually...
¬ 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 subscription (2-5 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 subscription (2-5 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