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
China Youran Dairy seeks US$800 million in Hong Kong IPO Toggle share menu
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China Youran Dairy seeks US$800 million in Hong Kong IPO
People walk past a bank s electronic board showing the Hong Kong share index at Hong Kong Stock Exchange, May 31, 2021. (AP Photo/Vincent Yu)
07 Jun 2021 08:55AM (Updated:
07 Jun 2021 09:02AM) Share this content
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HONG KONG: China Youran Dairy Group is aiming to raise up to US$800 million in its Hong Kong IPO by pricing its shares at between HK$6.98 to HK$8.66 each, according to regulatory filings on Monday (Jun 7).
The dairy company, backed by private equity group PAG, will finalise the share price on Thursday before listing on the Hong Kong Stock Exchange on Jun 18, the filings showed.