(Bloomberg) -- Fosun International Ltd., China's
biggest diversified company outside state control, raised
HK$11.54 billion ($1.5 billion) in an initial public offering
after investors ordered more than 200 times the stock on offer,
people with knowledge of the matter said.
The company, with businesses from steel to pharmaceuticals,
sold 1.25 billion shares at HK$9.23 apiece, the top of the
marketed price range, said the two people, who declined to be
identified as the information isn't public. The sale represents
a 20 percent stake in the Shanghai-based firm.
Read more at Bloomberg Emerging Markets News
biggest diversified company outside state control, raised
HK$11.54 billion ($1.5 billion) in an initial public offering
after investors ordered more than 200 times the stock on offer,
people with knowledge of the matter said.
The company, with businesses from steel to pharmaceuticals,
sold 1.25 billion shares at HK$9.23 apiece, the top of the
marketed price range, said the two people, who declined to be
identified as the information isn't public. The sale represents
a 20 percent stake in the Shanghai-based firm.
Read more at Bloomberg Emerging Markets News
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