About 360 investors were said to have participated in a deal that saw institutional allocations finalised on Monday. The retail IPO will open on Thursday, running until next Tuesday for listing on December 10.
At HK$2.96 per share, the company has raised HK$452.8 million $58 million from an institutional placement of 153 million shares. The retail offering will comprise a further 17 million shares and there is also a greenshoe of 25.5 million shares.
Nomura lead managed the deal, with Core Pacific and HSBC as co-leads and CEF, Cresvale, Guotai, ICEA, ING Barings, OpenOffering and Phoenix as co-managers. Pre-greenshoe, the offering will amount to 30% of the company's issued share...
