The deal raises $116 million after decent demand allows the price to be fixed above the mid-point. But the discount to the latest close is still 7.1% and the Korean conglomerate has fallen almost 25% this year.
An undisclosed shareholder raises $352 million from the sale of its entire stake in Kumho Petrochemical a day after Kepco is forced to cut the size of its sell-down in Kepco E&C to just $87 million.
The Chinese specialty chemicals producer prices its offering at the top to raise $72.8 million. Meanwhile, Duoyuan Global Water prices above the range and then gains another 30% on the first day.
At that price, which is expected to be confirmed today, the thenardite producer will raise $149 million, making it the second largest Hong Kong IPO this year.