vinda-lures-investors-with-toilet-paper-growth-story

Vinda lures investors with toilet paper growth story

The Chinese tissue paper manufacturer aims to raise up to $142 million in its Hong Kong IPO.
Vinda International, ChinaÆs leading tissue paper manufacturer, on Friday launched the institutional roadshow for a Hong Kong initial public offering that seeks to raise up to HK$1.1 billion $142 million.

Vinda, which derives most of its revenues from toilet paper manufacturing, is presenting itself as a beneficiary of rapid tissue paper consumption growth in China as the population gets richer, arguing that tissue paper is a necessity to people leading a quality life.

The company is offering 300 million shares, or 35% of its enlarged capital, of which roughly 74% are new shares. The price will range from HK$3.18 to HK$3.68. A 15% greenshoe could further increase the deal size to...
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