top-of-the-range-pricing-for-china-coals-17-billion-ipo

Top of the range pricing for China Coal's $1.7 billion IPO

No hints that fund managers are closing down for Christmas as China's second largest coal provider attracts more than 1,000 institutional investors to the book.
China Coal Energy has raised $1.7 billion from its initial public offering after fixing the price at the top of the HK$3.20 to HK$4.05 price range.

Like other recent Hong Kong listings, ChinaÆs second largest provider of coal after China Shenhua Energy attracted strong demand from both institutions and retail investors. Neither group are showing any hints that they are starting to tire of Mainland-based listing candidates even though this was the eighth company to price a Hong Kong IPO in less than two weeks, raising $5.7 billion between them.

And as one banker put it why would they tire of these new listings and chose to close their books to preserve their...
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