It’s covered: Qingdao Port launches $377m IPO
China’s largest container port operator for crude oil and iron ores, Qingdao Port International, started receiving bids for its HK$2.92bn ($377m) IPO on May 26. But by coming out with a fixed price, a shortened three-day bookbuild, and a covered book message, investor participation is expected to be limited for this friends and family IPO.
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