US investors go for China Gold
China Gold International’s Hong Kong initial public offering priced at the top of its range after strong demand from US investors at the tail-end of the roadshow helped the bookrunners overcome a muted response in Europe.
The deal received limited interest during a tough European visit, but some huge orders from the US gave bookrunners confidence, and they priced the deal at HK$44.68 a share in the early hours of Tuesday morning.
The offering was launched a week before the equity markets started to fall
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