yue-yuen-spinoff-and-chinese-developer-complete-ipos

Yue Yuen spin-off and Chinese developer complete IPOs

Pou Sheng raises $322 million after fixing the price above the low end of the range, while Central China Real Estate has to settle for the minimum $176 million.

Another two Hong Kong listing candidates have priced their initial public offerings, raising a combined $498 million and showing that the market is open for deals even though demand remains tepid and order sizes are smaller than they were a year ago.

Sportswear distributor Pou Sheng International Holdings, which is a spin-off of Hong Kong-listed athletic shoe manufacturer Yue Yuen Industrial Holdings, was the most popular of the two and was able to fix the price slightly above the low end of the range at HK$3.05 for a total deal size of HK$2.51 billion $322 million. The shares were offered in a range between HK...

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