Neway IPO to test post-reform China markets

The Rmb839 million IPO of the manufacturer of valves to the oil and gas industry is being marketed at a discount of up to 20% to its peers.

The IPO of Neway Valve, likely to be the first sizable listing from a mainland group following Beijing’s market reforms, is being marketed at a discount of up to 20% to its peers, according to a research report seen by FinanceAsia.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media