pacific-online-raises-121-million-from-ipo

Pacific Online raises $121 million from IPO

The Chinese internet content provider prices its Hong Kong offering above the mid-range, while Bio Beauty decides to call it a day.
China-based internet content provider Pacific Online has raised HK$940.5 million $121 million from its Hong Kong initial public offering after fixing the price above the mid-point of the range, sources say.

This comes at a time when other Hong Kong IPOs in the $100 million to $300 million range have been struggling, with two deals being pulled in the past week and others facing selling pressure immediately after they hit the market. Skincare and cosmetics manufacturer Bio Beauty Group called off its offering on Monday after completing the entire roadshow.

Being an internet content provider it is possible that Pacific Online has benefited from the overwhelming demand for Alibaba.comÆs IPO in October and...
¬ 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