Steelmaker Xiwang kicks off roadshow for Hong Kong IPO

The Chinese steelmaker aims to raise as much as $217 million through its offering, at a price range that is seen at a discount to its major comparables.
<div style="text-align: left;"> Steelworkers attend an electric arc furnace in China (ImagineChina) </div>
<div style="text-align: left;"> Steelworkers attend an electric arc furnace in China (ImagineChina) </div>
February 07, 2012

Xiwang Special Steel yesterday launched the institutional roadshow for an initial public offering of between $171 million and $217 million, a deal that will be one of the first major IPOs in Hong Kong this year.

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