Chinese theme park operator Haichang Holdings has raised $316 million from an initial public offering of shares.
The company priced 1 billion shares at HK$2.45 per share late on Saturday, slightly above the middle of its initial price range of HK$2.18 and HK$2.68. Based on the term sheet, the total amount raised could rise to $363 million if a greenshoe option is exercised.
Demand for Haichang China’s version of Sea World was robust, particularly amongst Asian and European long-only funds, sovereign wealth funds and hedge funds, a banker close to the deal told FinanceAsia. He also noted some interest from...
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