JS Global Lifestyle has second go at HK IPO

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By Jonathan Breen
09 Dec 2019

JS Global Lifestyle Co, a Hong Kong-based small appliance manufacturer, has started taking orders for its second attempt at a listing, launching bookbuilding on Monday at a fixed price.

The company is eyeing HK$2.6bn ($332m) in proceeds from the IPO, marketing a float 499.8m primary shares at a fixed price of HK$5.20 a share. The stock is split 90%-10% into international and local investor tranches.

The base offer represents 15% of JS Global’s enlarged share capital. But ...

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