Syndicates kicked-off formal roadshows for WH Group's looming share sale, which is set to rank as Asia’s largest initial public offering in four years and could yet raise more than $6 billion.
Some 3.65 billion shares will be offered on April 22 at between HK$8 and HK$11.25, with 80% consisting of new shares and the remainder being sold by the Henan-based pork producer’s existing shareholders, including Goldman Sachs, Temasek, CDH Investments and New Horizons.
There is also a greenshoe option that could be exercised in the event of strong demand and boost the number of shares on offer by a further 15%, according to...
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