GC
Nongfu Spring to close $1.1bn IPO book early
Nongfu Sping, a Chinese bottled water and beverage company, is closing the international book for its Hong Kong IPO a day earlier than planned on the back of strong demand, according to sources close to the deal.
The issuer launched the roadshow for its up to HK$8.35bn ($1.08bn) on Tuesday. It was initially planning to take orders through Friday noon. But it has accelerated the bookbuilding for the international tranche of the IPO, which is now set to wrap up on Thursday, said two sources
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