Investors fill up on billion-dollar Yum China IPO

By Jonathan Breen
03 Sep 2020

Fast food franchise operator Yum China Holdings is cooking a multi-billion-dollar secondary offering in Hong Kong. It is the latest deal in a growing trend that bankers expect will bring more US-listed Chinese companies to the exchange by the the end of 2020, writes Jonathan Breen.

Yum China kicked off its deal, worth about $2.5bn, on Monday and had it covered almost immediately, according to a source familiar with the matter. The company tapped into the large pool of regional and mainland-based investors that want to trade Chinese stocks closer to home.

It is ...

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