Taiwanese liner operator TS Lines’ initial public offering (IPO) on the Hong Kong Stock Exchange raised HK$491m (US$121m) after its listing today.
The funds raised were, however, short of the US$145m TS Lines had originally targeted.
The company issued 250m shares at between HK$3.50 and HK$4.50 each, with the final offer price at HK$4.18 (US$0.54) per share.
JP Morgan and China Merchants Securities were joint bookrunners for the IPO, which was subscribed 12.09 …
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