CMGE Tech launches $166m HK IPO

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By Jonathan Breen
18 Oct 2019

Chinese mobile game developer CMGE Technology Group has kicked off the roadshow for its up to HK$1.3bn ($166.3m) Hong Kong IPO, finding early support from international investors, according to a source close to the deal.

Sponsors BNP Paribas and CICC began bookbuilding in Hong Kong on Thursday, taking orders for a base offer of 461m primary shares, equal to around 25% of the issuer’s enlarged share capital. There is also a 15% greenshoe.

The stock is up for grabs at HK$2.19 to HK$2.83 ...

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