Shengmu barely crosses the IPO finishing line
Mongolia-based China Shengmu Organic Milk raised HK$1.06bn ($137m) on July 9 by pricing the IPO at the bottom of its indicative price range. It scraped over the line amid a crowded primary market and price sensitive 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