Puxin, VCredit listings covered on day one of bookbuild

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By John Loh
07 Jun 2018

Puxin and VCredit Holdings, both of which launched IPOs earlier this week, were covered on their first day of bookbuilding.

Chinese education firm Puxin was the first to open books for its $144m New York Stock Exchange listing. The leads received enough orders from Asian accounts alone on Monday to cover the book by the close of business in Hong Kong, even though roadshows had yet to begin ...

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