Ten Fu closes IPO with strong bid from long-only investors
Ten Fu Tea priced its Hong Kong IPO in the top half of its range this week, raising HK$1.25bn ($160.6m). The majority of the deal was sold to long-only funds, giving bankers hope it will perform well in the secondary market.
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