Cathay Media to close HK IPO books early

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By Jonathan Breen
06 Jul 2020

Cathay Media and Education Group is set to wrap up bookbuilding for its Hong Kong IPO two days early, on the back of strong demand from institutional investors, according to a source close to the deal.

Sponsors China Merchants Securities (HK) and Macquarie, leading an eight-strong syndicate, opened books for the listing on June 30. They were expected to continue taking orders until Wednesday.

But with the books multiple times covered at the end of last week, the sponsors have decided “it ...

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