Fulu nabs $115m from Hong Kong listing

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By Jonathan Breen
14 Sep 2020

Virtual goods platform Fulu Holdings has raised HK$890m ($114.8m) after pricing its IPO at the top of the marketed range, according to a source close to the deal.

The Chinese firm sold 100m shares at HK$8.90 last Friday. Sole sponsor and global co-ordinator CMB International led a five-day roadshow for the trade, working with bookrunners BoCom International, China Everbright Securities (HK) and China Merchants Securities (HK).

The syndicate marketed the deal with initial guidance of ...

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