YST Dairy fixes IPO price in bottom half of the range

The Chinese raw milk producer raises $426 million at a valuation of 17 times forward earnings, while investors look ahead to the larger offerings from Cinda Asset Management and Qinhuangdao Port due next week.
November 22, 2013

Numerous IPOs to choose from as year-end nears

Hospital operator Phoenix Healthcare will be the latest addition to a long line of listing hopefuls in Hong Kong when it kicks off an IPO of up to $191 million on Thursday.
November 14, 2013

PE firm Affinity is Beijing’s new milkman

Private equity firm Affinity Equity Partners acquires a 40% stake in a Chinese dairy business, giving it a share of the biggest milk supplier to Beijing.
October 25, 2013

Modern Dairy's Hong Kong IPO covered on day one

Modern Dairy’s $571 million IPO is fully covered already, despite the fact that two recently listed Chinese milk companies are trading at least 12% below their IPO prices.
November 10, 2010