China's national transportation and logistics company, Sinotrans, will start roadshows in Singapore on Thursday for its IPO. After four days in Europe and four in the US, the joint leads, Bank of China International and Credit Suisse First Boston plan to close books on February 7th and price on February 10th.
The deal will be a minimum of $400 million in size, but could be as large as $500 million post-greenshoe - with the company planning to sell 38.5% of its enlarged share capital. However, almost a quarter of the deal will be sold direct to at least three strategic investors.
The price range was not firmed up as...
