Sun Art Retail gets strong response to offering
Sun Art Retail Group, the Chinese hypermarket chain, sidestepped a wave of deal cancellations on Tuesday to launch bookbuilding for a HK$8.4bn ($1.1bn) initial public offering in Hong Kong. The company is already off to a promising start — bagging $420m from cornerstone investors.
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