China Youran Dairy Said to Price $643 Million Hong Kong IPO at Bottom bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) China Youran Dairy Group Ltd. and its shareholder, private equity firm PAG, have raised about HK$5 billion ($643 million) after pricing the dairy product maker’s Hong Kong initial public offering at the low end of a marketed range, according to people familiar with the matter.The company and funds managed by PAG have priced 715.4 million shares at HK$6.98 each, the people said, asking not to be identified because the information is private. They had marketed the shares at HK$6.98