HONG KONG: Share prices of Chinese mainland detergent maker Blue Moon Group Holdings Ltd, which raised nearly HK$9.8bil (US$1.2bil) from an initial public offering on the Hong Kong stock exchange on Wednesday, rose by nearly 13.07%.
Blue Moon, which was backed by private equity group Hillhouse Capital, sold 747.1 million shares through its IPO. The company’s shares were priced at HK$13.1 at the top-end of the IPO, indicating that the company would have raised nearly HK$9.83bil.
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