China Everbright International CEI, a Hong Kong-listed water treatment and clean energy company, on Tuesday night raised HK$3.66 billion $472 million from a top-up placement that attracted strong demand from long-only funds in particular.
The deal priced 24 hours after Korea’s Doosan Infracore raised $400 million from the sale of global depositary receipts GDRs, indicating that investors are still happy to add to their portfolios even though year-end is just three weeks away.
That should be good news for the number of initial public offerings that have hit the market this week with the aim of listing before the New Year.
...
¬ Haymarket Media Limited. All rights reserved.
