Bluestar Adisseo banks on rarity value to boost IPO bid
Feedstock additive producer Bluestar Adisseo Nutrition Group is planning to raise as much as HK$12.08bn ($1.56bn) from an initial public offering. Its bankers hope that its strong position in an industry with little competition will help draw a good response from investors.
The company develops and manufactures animal feed supplements and is one of just three companies globally in its niche sector, according to a bookrunner. It is a subsidiary of China National Bluestar, a state-owned chemical company.
Adisseo plans to float 2.3bn shares in a mix of primary and
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