That price has enabled ChinaÆs largest container board manufacturer to raise HK$3.40 billion $438 million, which makes the BNP Paribas Peregrine and Merrill Lynch-led offering the largest IPO in the Hong Kong market since Link ReitÆs $2.5 billion offering in late November.
If the 15% greenshoe is exercised in full, the total proceeds will increase to $504 million. Nine Dragons offered one billion new shares, or 25% of the company.
The institutional portion of the offer was said to have been...
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