BRIEF: MIE completes HK IPO at bottom of range
MIE Holdings, the Chinese oil field operator, has priced a HK$1.1bn ($142m) IPO at the bottom of its range. The company chose not to price higher to ensure that all investors remained in the book, according to one of the bookrunners.
“The company had the potential to price higher but wanted to ensure all investors, particularly some tier one institutions, remained in the book to be allocated,” he said.
MIE was forced to cancel an IPO in the US in May amid uncertain market conditions. The company hoped to raise
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