WH Group: from dud to darling to dud

The Henan-based pork producer's shares have dropped below the IPO price just three months after it floated its shares, and a further decline is possible in coming weeks.

It went from dud to darling in just three months. But now, three months further down the line, the pendulum appears to have swung back in the other direction for WH Group, with shares in the Henan-based pork producer now trading well below its IPO price.

After a highly publicised, failed first attempt at coming to market, pork producer WH Group sliced its offering and valuation, fired 27 banks on the syndicate, and finally managed to float its shares in July, raising $2.05 billion in the process.

WH Group relied on better market conditions, a more attractive price range and the shrunken banking syndicate to get...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222