The typically busy post-summer share sale season has shifted up a gear with initial public offerings from financial advisory firm China Renaissance and state-owned gold miner Shandong Gold.
The two companies launched their deals on Thursday and hope to raise as much as $1.15 billion combined.
Shandong Gold, which is majority-owned by the Shandong provincial government, is the bigger of the two IPOs as it seeks to raise between HK$4.8 billion to HK$6 billion $614 million to $767 million pre-greenshoe.
Its Reg S and 144A deal features 327.7 million shares 15% of the company’s enlarged share capital offered at...
¬ Haymarket Media Limited. All rights reserved.
