China Pacific sets Hong Kong IPO price to raise $3.1bn
China Pacific Insurance Group priced its Hong Kong listing on Wednesday in the lower half of its target range to raise HK$24.1bn ($3.1bn), returning to the Hong Kong market two years after it cancelled its first attempt to list in the city.
China Pacific sold 861.3m shares at HK$28 a share, below the mid-point of its HK$26.80-HK$30.10 target range in a deal that was fully covered after the first day of marketing. 78.3m of the shares are secondary.
The successful listing comes two years after the company was forced to
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