Chinese biotech company WuXi AppTec has turned to Hong Kong for a share sale, four months after its Shanghai IPO was cut in size. Based on last Thursday’s closing price in Shanghai, the deal could raise up to US$2bn.
Timber company Sumitomo Forestry introduced the green concept to the convertible bond market by sealing the world’s first Green CB last week, raising ¥10bn (US$90m) to refinance a New Zealand project.
Chinese online food delivery-to-ticketing services provider Meituan Dianping raised US$4.2bn in the world’s biggest internet-focused IPO in four years as it priced the float near the top end of a marketed range. Meituan, backed by Chinese internet giant Tencent Holdings, sold about 480m primary shares at HK$69 each in the Hong Kong IPO, valuing the company at about US$52.8bn.