silver-base-prices-ipo-at-the-top

Silver Base prices IPO at the top

The Chinese liquor distributor raises $133 million to tie with Real Gold Mining as the largest Hong Kong IPO this year.

Chinese liquor distributor Silver Base Group on Friday priced its initial public offering at the top of the range after a strong secondary market gave investors the confidence to buy in. The final price of HK$3.45 per share enabled the company to raise HK$1.03 billion $133 million, putting it exactly on par with Real Gold Mining as the largest Hong Kong IPO this year.

Real Gold's share price initially fell after its February 23 debut and at one point was trading as much as 28% below the IPO price. However, it has been clawing its way back in line with the rebound in the broader market and on Friday closed at HK...

¬ 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