Kisco puckers up for IPO

Kunming Iron & Steel pre-markets $175 million to $200 million IPO.

Yunnan's largest industrial concern, Kunming Iron Steel Kisco, began pre-marketing in the US late last week for a $175 million to $200 million H share IPO.

The Credit Suisse First Boston led deal has a standard Hong Kong IPO structure, with a 90.9%9.1% split between primary and secondary shares and a 90%10% split between institutional and retail investors. Joint leads are Core Pacific Yamaichi and Kingsway, with CIBC and South China Securities as co-managers. Formal roadshows are expected to begin around February 23, with pricing around March 9 and listing the week beginning March 14.

Based on a pre greenshoe freefloat of 33%...

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