Cheerwin prices $395m Hong Kong IPO at top end

By Jonathan Breen
05 Mar 2021

Cheerwin Group has pocketed HK$3.07bn ($395.3m) after pricing its IPO at the top of the marketed range, according to a source close to the deal.

The issuer, one of China’s leading manufacturers of personal and household care products, has sold 333.3m shares at HK$9.20 apiece, getting a market capitalisation of HK$12.3bn.

Joint sponsors CICC and Morgan Stanley wrapped up the IPO on Wednesday. The duo ran bookbuilding for the deal from February 26, pitching ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial