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
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.