HONG KONG: An IPO for China Literature, Tencent Holdings’ online publishing arm, has raised US$1.1bil with the retail portion gathering demand that was 625 times the number of shares on offer, setting the stage for a sterling debut today.
The offering for China’s biggest e-book company was priced at the top of its marketed range of HK$48-HK$55 range, Tencent said in a statement, confirming a report from Thomson Reuters IFR last week.
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