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.
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