silver-base-to-raise-up-to-133-million

Silver Base to raise up to $133 million

The Chinese liquor distributor launches a one-week roadshow today for what will be Hong Kong's second IPO of size this year.

The roadshow for Silver Base Group's initial public offering will start today, kicking off what looks set to become only the second Hong Kong listing of size in 2009. The Chinese liquor distributor expects to raise between HK$690 million and HK$1.03 billion $88 million to $133 million.

The price range has been set at HK$2.30 to HK$3.45. A total of 300 million H-shares, representing 25% of the company, are on offer 270 million for the global offering and the remaining 30 million for Hong Kong retail investors. There is a 15% greenshoe that, if fully exercised, will bring another 45 million shares into the deal, thereby increasing the maximum...

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