Nissin Foods nets $122m through Hong Kong IPO

Nissin Foods Co has raised HK$950.8m ($121.6m) from its IPO after pricing the shares just off the bottom of guidance, according to a source close to the deal.

  • By Jonathan Breen
  • 05 Dec 2017

Sole sponsor and global co-ordinator Nomura launched bookbuilding for the listing on November 27.

The offer comprised 268.6m primary shares, which were on sale at HK$3.45-HK$4.21 apiece, giving the deal a size of HK$926.7m-HK$1.1bn. There is also a 15% greenshoe.

The IPO was covered on the first ...

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