Nameson stitches together $77m from Hong Kong IPO

By GlobalCapital
06 Apr 2016

Nameson Holdings priced its HK$600m ($77m) Hong Kong IPO near the middle of the range on Wednesday, but bankers still said that conditions are still not ideal for equity capital markets.

The Chinese knitwear manufacturer sold 500m primary shares, or 25% of its enlarged share capital, at HK$1.20 apiece. That was just above the midpoint of the HK$1.03-HK$1.33 marketing range and implied a 2016 price/earnings ratio of eight times. 

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