Zoomlion reaches IPO target in Hong Kong sale
Zoomlion reaches IPO target in Hong Kong
Chinese manufacturer Zoomlion has raised HK$13.03 billion ($1.68 billion) from its Hong Kong share sale.
The sale falls in between the company’s target of raising US$1.57-$2.1 billion from the initial public offering (IPO) in Hong Kong.
At the end of the nine-day roadshow, the deal attracted about 250 institutional investors, primarily from Asia and the US, said analysts.