Sany Heavy Industry has seen off competition from rival issuer XCMG for its $3.3 billion IPO, while shoemaker Hongguo raises $147 million after pricing its shares at the bottom end.
The retail portion of Goodbaby's $190 million IPO is nearly 1,460 times covered, suggesting IPOs are still hot. However, two market newcomers fell in their debut yesterday.
Demand from institutional investors is strong on the first day of bookbuilding as the Chinese maker of children's strollers offers its shares at a significant discount to domestic peer Boshiwa.