Shanghai Haohai fixes price range for HK IPO

Chinese small cap hopes to benefit from mainland money pouring into Hong Kong bourse as formal bookbuilding opens for its $250 million to $304.5 million float.

Formal bookbuilding opens on Wednesday for a HK$1.94 billion ($250 million) to HK$2.36 billion ($304.5 million) initial public offering by biomedical materials producer Shanghai Haohai.

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