real-gold-ipo-to-raise-up-to-132-million

Real Gold IPO to raise up to $132 million

The Inner Mongolian gold mining company is set to be the first Hong Kong listing of size since October last year.

Real Gold Mining, a gold mining company based in Inner Mongolia, intends to raise between HK$717 million and HK$1.03 billion $92 million and $132 million via an initial public offering that will commence today. If successful, this will be the first IPO of size to happen in Hong Kong since October 2008.

The price range has been set at HK$4.35 to HK$6.25 a share. The offering represents 25% of the company in the form of 165 million shares, of which 63.2% are primary shares and the remaining 36.8% are secondary. A 15% greenshoe could add another 24 million shares into the deal, which could bump the total proceeds...

¬ 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