HONG KONG: Chinese detergent maker Blue Moon Group Holdings has become the latest in a record number of companies to raise at least US$1bil in a Hong Kong initial public offering (IPO) in 2020 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 range flagged by the company when the deal launched last Friday and means Blue Moon will raise US$1.27bil.
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