Bankers started pre-marketing yesterday for a Hong Kong initial public offering of Calgary-based Sunshine Oilsands, which, according to one source, is aiming to raise between $300 million and $600 million.
If successful, the deal will be the first IPO of scale in Hong Kong this year. Seven companies have debuted on the main board so far, but none have raised more than $55 million. It will also be the biggest listing in the world so far in 2012, surpassing RusPetro’s $250 million IPO in London earlier in the month, Dealogic data show.
Hong Kong was the world’s biggest destination for new listings in 2011 for the...
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