(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 Group raised $643 million in its Hong Kong initial public offering (IPO) by pricing its shares at the bottom of an indicated price range at HK$6.98 each, according to two sources with direct knowledge of the matter.