Shengmu prices IPO (finally)

Friends and family herd dairy producer's Hong Kong IPO over the finish line.
July 10, 2014

An initial public offering by China Shengmu Organic Milk priced three days later than expected on Thursday after struggling with a rich valuation. The BOCI and Goldman Sachs-led deal raised HK$1.06 billion ($137 million) by selling 444.8 million shares at HK$2.39 per share, the very bottom of its indicative price range. 

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