Chow Tai Fook reduces expectations for $2.8bn IPO
Chow Tai Fook Jewellery Group opened books for its Hong Kong IPO on Monday for an up-to-HK$22.05bn ($2.83bn) deal. This is lower than original plans to raise up to $4bn but the deal has an upsize option and greenshoe that could push the total deal size to $3.9bn.
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