metallurgical-corp-of-china-seeks-25-billion-from-hshare-ipo

Metallurgical Corp of China seeks $2.5 billion from H-share IPO

MCC, the world's largest metallurgical engineering and construction firm, kicks off this year's largest Hong Kong IPO, while three more companies start pre-marketing.

Metallurgical Corporation of China (MCC) yesterday launched the formal roadshow for the H-share portion of an initial public offering that aims to raise a combined $5 3 billion and will result in a listing in both Hong Kong and Shanghai later this month The company will start taking orders for the A-share portion today

MCC is seeking up to HK$19 6 billion ($2 5 billion) from the H-share portion alone, which will make it the largest Hong Kong IPO since China Railway Construction Corp's $2 55 billion initial share sale in March 2008 If it prices towards the top end of the range and the greenshoe is exercised in full, it could even...

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