Haier passes D-share IPO test for Ceinex

Frankfurt night fotolia
By John Loh
22 Oct 2018

Qingdao Haier sealed the first D-share IPO in Frankfurt after pricing near the bottom of expectations, but managing to sell more shares to raise €278.3m.

The float is a debut both for Haier, a Chinese white goods maker, and the China Europe International Exchange (Ceinex), a board in Germany that seeks to connect Chinese issuers with European liquidity.

Haier priced the shares at €1.05 apiece after marketing them at between €1.00 and €1.50. It ...

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