Qinhuangdao prices at bottom after institutions arrive late
Qinhuangdao Port Group managed to complete its HK$4.4bn ($562m) IPO on December 5 but was forced to price it at the bottom due to price sensitivity from institutional investors. The deal was also up against the IPO from China Cinda Asset Management which took much of investors’ focus.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts