Mobvista presses start button on $208m HK flotation

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By Christie Ou, Jonathan Breen
29 Nov 2018

China-based Mobvista has launched bookbuilding for a potential HK$1.63bn ($208m) IPO in Hong Kong, following the listing success of some of its peers.

Sponsors CMB International and UBS started taking orders for the deal on Thursday. The float comprises 318.9m shares, equal to 21% of the enlarged share capital, and a 15% greenshoe. Mobvista is offering the stock at HK$3.9 to HK$5.1 apiece, giving the base deal a size of anywhere from HK$1.24bn to HK$1.63bn.

The syndicate was inspired by the strong performance of fellow ...

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