Updated: VPower nets HK$1.6bn from listing
Hong Kong’s VPower Group International Holdings has raised HK$1.61bn ($206.3m) after pricing its IPO just off the bottom of guidance.
[Updated at 17:50 Hong Kong time, November 21, with more colour on execution]
The company was offering 560m primary shares at HK$2.78-HK$3.47 each, which could have raised HK$1.56bn-HK$1.9bn. The deal, which represents 22% of VPower’s enlarged share capital, has a 15% greenshoe of 84m primary shares.VPower started taking orders on ...