Real Gold Mining, a gold miner based in Inner Mongolia, has priced its initial public offering at the top of the indicated range at HK$6.25 a share, raising HK$1.03 billion $132 million before its Hong Kong listing on February 23. This is the first IPO of size in Hong Kong since Renhe Holdings completed its listing in October last year.
Gold specialist and resources funds were present in the institutional order book, and there was a significant level of demand from North America - both from the US and Canada. A Chinese strategic investor also came on board.
Retail investors were extremely keen on the stock and the retail portion of the offer...
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