Beijing Digital Telecom, one of China's largest mobile handset and digital product store chains, has begun taking orders from institutional investors as it seeks to raise up to $150 million from an initial public offering of shares in Hong Kong.
Amid a rush of mainland Chinese companies looking to float in the former British colony, Beijing Digital Telecom aims to sell 166.7 million primary shares priced at between HK$5.30 and HK$7.10 each.
Citi and UBS are lead-managing the deal, with DBS and Standard Chartered acting as joint bookrunners.
The base offering represents 25% of enlarged share capital but there is also...
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