unipresident-and-antonoil-price-ipos

Uni-President and Antonoil price IPOs

The deals price at the mid- to low-end of guidance thanks to volatile markets, sluggish debuts by other newly listed companies, and the proximity of year-end.
The days when investors had to accept any price to get a piece of a Hong Kong IPO are definitely over, and even companies from the ôhotö consumer retail sector now have to pay attention to the price limits set by key investors to ensure their shares end up in solid hands.

This increase in bargaining power was highlighted over the weekend when Uni-President China Holdings, a beverage and instant noodles producer, priced its initial public offering at the mid-point of the price range. The level of institutional demand was solid at more than 12 times the available shares, but well below what other Hong Kong listing candidates were attracting only a month ago. The...
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