Given the strong growth expectations for Chinese consumer spending in general, and the branded sportswear market in particular, it was no surprise that the deal attracted strong demand from both institutional and retail investors. Especially since the bookbuild also coincided with a sharp run-up in the secondary market. As of the close of trading Tuesday, which was the final day of order taking for Dongxiang, the Hang Seng Index was up 45% from its lows on...
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