Text: | Print|

WH Group lowers HK IPO pricing

2014-04-29 10:44 Global Times Web Editor: qindexing
1

China's WH Group, the world's biggest pork company, will likely price its Hong Kong initial public offering near the bottom of expectations, Reuters reported on Monday, citing a IFR finding.

Hit by weak investor demand, WH slashed the size of the IPO last week by two-thirds to up to $1.9 billion.

IFR, a Thomson Reuters publication, provided guidance to prospective investors in the deal.

The report said the revised deal had a "well oversubscribed" book and will likely be priced at the bottom of the HK$8.00-$11.25 ($1.03 - 1.45)per share range.

Comments (0)
Most popular in 24h
  Archived Content
Media partners:

Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.