Pre-marketing began yesterday Monday for a roughly $100 million offering for Hainan Meilan Airport under the lead management of HSBC, with Citic Capital, ICEA, ING and Nomura as co-leads.
Formal roadshows are scheduled to begin next Tuesday and run for nine business days, with pricing set for Friday November 9. The company is offering 45% of its enlarged share capital via a 201.7 million share sale ex shoe, although a strategic investor, Copenhagen Airports, has already committed to purchase a 20% stake for a maximum of $66 million, with ING acting as advisor. The remaining shares will have the usual 90%10% split between international and retail investors.
Indicative pricing will...
