Cheerwin gauges appetite for HK listing

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By Rashmi Kumar
26 Feb 2021

Cheerwin Group, a Chinese company that makes personal and household care products, has thrown open its up to HK$3.1bn ($400m) Hong Kong IPO, testing investor appetite following a slump in the benchmark index this week over a planned increase in the stamp duty paid on stock trading.

The firm is offering approximately 333.3m shares in the base offer at a price range of HK$7.80 to HK$9.20. This will give it a market capitalization of HK$10.4bn to HK$12.3bn. There is also an over-allotment option equal to up to 15% of the base deal.

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