Theme park operator Haichang targets HK IPO

China aims to list a marine theme park in March, which would make it the first Asian theme park to go public. The roadshow begins Friday.

Chinese theme park operator Haichang Holdings aims to raise up to $346 million in a Hong Kong initial public offering in March. It will be the first Asian theme park operator to list.

The global roadshow starts Friday, with bankers travelling across Asia, Europe and the US to meet with potential institutional and retail investors.

Haichang, China’s version of Sea World, is seeking $281 million to $346 million, with one billion shares on offer priced between HK$2.18 and HK$2.68. If the greenshoe option is exercised, the amount raised could hit $397 million.

Shares will price on March 8 with the listing due...

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