Baby milk producer Ausnutria Dairy Corporation raised HK$1.2 billion $154.8 million and Yingde Gases sold HK$3.17 billion $409 million worth of shares ahead of their listings in Hong Kong on October 8. Both companies kept the final price well below the top due to price sensitivity among key accounts and signs that investors are becoming fatigued by IPOs.
Meanwhile, in the US, Chinese solar power company Renesola on Wednesday priced its fully marketed follow-on at a substantial discount -- for the US -- of 10.7% versus the latest close, raising $74 million.
The IPO market has turned somewhat sour over the past week, with several deals performing badly in secondary market...
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