Updated: VPower nets HK$1.6bn from listing

Pylon_230px
By Jonathan Breen
18 Nov 2016

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial