Blue Moon prices stock offer at top-end as Hillhouse-invested detergent producer raises US$1.27 billion in Hong Kong

//Blue Moon prices stock offer at top-end as Hillhouse-invested detergent producer raises US$1.27 billion in Hong Kong

Blue Moon prices stock offer at top-end as Hillhouse-invested detergent producer raises US$1.27 billion in Hong Kong

Blue Moon Group, the detergent maker backed by Asian private equity manager Hillhouse Capital, has priced its Hong Kong initial public offering (IPO) at the top end of a price range, enabling it to raise US$1.27 billion (HK$9.38 billion) amid strong investors’ demand.The offer price was set at HK$13.16 per share, according to a person familiar with the transaction, at the top-end of the range with a floor at HK$10.2. The completion of Blue Moon’s IPO will increase the number of IPOs aiming to…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-09T09:28:32+00:00 December 9th, 2020|Business|Comments Off on Blue Moon prices stock offer at top-end as Hillhouse-invested detergent producer raises US$1.27 billion in Hong Kong