Pricing debate as Huarong closes $2.3bn IPO

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Pricing debate as Huarong closes $2.3bn IPO

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Hong Kong skyline at night | Leung Cho Pan/leungchopan - Fotolia

China Huarong Asset Management pulled off a HK$17.83bn ($2.30bn) IPO on October 22, pricing one of Hong Kong’s largest listings this year just a few cents off the bottom of the initial range. But the price tag ignited debate about whether the issuer was pushing its luck.

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