Breath of fresh air as Dali Foods serves $1.3bn IPO

Dali Foods Group Company has provided a burst of excitement to the Hong Kong IPO market, launching a HK$10.4bn ($1.34bn) listing that could become the biggest float by a privately-owned company in the city this year. Bankers are touting it as the first deal in a long time to conduct a real institutional bookbuilding, and it is also offering some diversification to investors.