Archosaur Games, Shandong Fengxiang to price HK listings

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By Jonathan Breen
07 Jul 2020

Online mobile game developer Archosaur Games is set to price its HK$2.17bn ($280.5m) Hong Kong IPO at the top of guidance, said a source close to the deal.

The Chinese firm, backed by internet giant Tencent Holdings, has met with a flood of orders from investors that are willing to pay whatever the final price is for the stock, said the source.

Archosaur is listing 187.4m shares at HK$9.80 to HK$11.60 each, meaning proceeds of HK$1.84bn ...

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