kingboard-laminates-boosts-ipo-size

Kingboard Laminates boosts IPO size

The company may raise up to $819 million, cementing Goldman's position at the top of the league tables. Meanwhile, China Communications Services sets the price range for its $300 million IPO.
Kingboard Laminates Holdings will seek to raise up to $819 million from its Hong Kong initial public offering after setting an indicative price range that values the company quite a bit higher than initially indicated.

The spin-off from Hong Kong-listed Kingboard Chemicals had been expected to raise about $400 million. The sharp increase, according to a source familiar with the offering, was prompted by the surge in the share price of Kingboard Chemicals over the past three weeks and, since the listing candidate is hoping to price at a premium to its parent, its price has been driven higher too.

├┤Laminates has better growth and higher margins than the parent and also better visibility with...
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