Beijing Jingneng Clean Energy prices IPO in middle
Beijing Jingneng Clean Energy priced its Hong Kong IPO late last week, after large orders from Chinese and Hong Kong institutional and corporate investors pushed the deal across the finish line.
The company raised HK$1.895bn ($242m) on Thursday night after pricing the IPO in the middle of its price range at HK$1.67, an impressive performance compared to recent deals that have struggled to price at the bottom end.
The secondary market performance of the stock should be helped by
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