China detergent maker Blue Moon raises US$1.27b in Hong Kong IPO

Chinese detergent maker Blue Moon Group Holdings will raise $1.27 billion in its Hong Kong IPO after pricing its shares at HK$13.16.

HONG KONG: Chinese detergent maker Blue Moon Group Holdings will raise $1.27 billion in its Hong Kong IPO after pricing its shares at HK$13.16, according to three sources with direct knowledge of the matter.

The price was at the top of the HK$10.20 to HK$13.16 flagged by the company when the deal launched last Friday, according to a term sheet.