Changsha Zoomlion expected to close before Christmas
Changsha Zoomlion Heavy Industry Science and Technology Development should be able to complete its initial public offering before Christmas despite the recent slowdown in Asia's equity markets.
The company, which has A-shares already listed in Shenzhen, is hoping to raise between $1bn and $1.5bn. It started pre-marketing the deal this week, but the official roadshow launch is not expected for at least another 10 days. Bankers are confident that will give them plenty of time
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