Blue Moon rises with Hong Kong listing rapidly covered

HK_skyscraper_Adobe_20May
By Jonathan Breen
04 Dec 2020

Blue Moon Group, a Chinese detergent maker, saw the book for its up to HK$9.8bn ($1.3bn) IPO covered within hours of opening on Friday.

The company hit the market after nearly three weeks of pre-marketing with listing sponsors Bank of America, CICC and Citi. The trio kicked off bookbuilding with enough indications of interest to oversubscribe the deal. By mid-morning in Hong Kong on Friday, the book was covered, said a source ...

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