Top Spring raises $200 million, Hilong postpones IPO

Top Spring, a Chinese property developer, prices its shares at the bottom of an indicated range, while Hilong postpones its planned $190 million IPO, blaming market conditions.

Top Spring International Holdings, a Chinese property developer, raised HK$1.56 billion ($200 million) in a Hong Kong initial public offering after pricing its shares at the bottom of the indicated range.

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