Wisdom Education lands $110m from pre-Trump IPO

Chinese private school operator Wisdom Education International Holdings has sealed its HK$850m ($109.6m) IPO, finding enough demand to make it through a tight window while defying President Trump-inspired jitters, according to a banker working on the deal.

  • By Jonathan Breen
  • 23 Jan 2017
The deal’s nine-strong syndicate started bookbuilding on January 12, marketing the offer of 500m primary shares at HK$1.7-HK$2.28 each, which presented a potential fundraising size of HK$850m-HK$1.1bn. The IPO, which at the base size was equal to 25% of the company’s enlarged share capital, has a 15% ...

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