Tough market conditions hit JH Educational IPO price

webinar 230px
By Gina Lee
13 Jun 2019

Chinese private education provider JH Educational Technology has priced its float on the Hong Kong Stock Exchange at the bottom of price guidance amid volatile markets.

The offering of 400m shares was priced at HK$1.50, according to a term sheet seen by GlobalCapital Asia. This nets the issuer HK$600m ($76.68m) before a 15% greenshoe, which would take proceeds up to HK$690m if exercised fully.

The final IPO price was at the bottom of ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial