little-sheep-sets-ipo-price-at-the-midpoint

Little Sheep sets IPO price at the mid-point

Strong interest from retail investors helps the Chinese restaurant chain raise $100 million and triggers the first clawback on a Hong Kong IPO in three months.
China's largest restaurant chain, Little Sheep, attracted strong demand for its initial public offering and has set the price at the middle of the range at HK$3.18 per share for a total deal size of HK$779.1 million $100 million. Over the past few months, most IPOs have been pricing at or near the bottom of the range, making this deal something of a hit.

A source close to the offering says interest was so strong that if the price had been set at the top of the indicated range of HK$2.68 to HK$3.68, not much would have been lost. The reason it priced in the middle, he says, is...
¬ 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 (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