Sun Art gets big demand for Hong Kong IPO

Chinese hypermarket operator Sun Art Retail Group looks set to price its Hong Kong IPO at the top of its range, after big demand left the books covered within days.

  • 07 Jul 2011

The company had planned to allow investors to place orders until Thursday, but closed the order book a day early after the deal was covered across the HK$5.65-HK$7.20 price range. The deal looked likely to close at the top of the range this week.

Cornerstone investors drove momentum in ...

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