The DBS Vickers Securities led deal is currently in pre-marketing and comprises 132 million H shares, or 36% of the company. Jingkelong will be only the fourth IPO on the GEM board this year and the largest since Tom Online raised HK$1.5 billion in March 2004. Wumart pocketed HK$547 million from its IPO in November 2003, but currently has a market cap of about HK$9.2 billion after its share price has soared 383%.
About 90% of JingkelongÆs shares are new, while the remainder will...
¬ Haymarket Media Limited. All rights reserved.
