The company may also have ensured a good aftermarket performance by fixing the price 25% below the top end of the range despite sources saying there was very little price sensitivity in the book.
However, at HK$684 million $88 million some bankers argued that the offer was too small to be much of an indication for other deals in the pipeline. China Merchants BankÆs H-share IPO - that is expected to fetch about $2 billion through an offer that will open next...
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