Trinity Limited yesterday priced it initial public offering near the top end of the offering range at HK$1.65 per share, which allowed it to raise HK$745.7 million $96 million ahead of its Hong Kong listing on November 3.
With strong demand from both retail and institutional investors, the small-cap retailer of high-end and luxury menswear in Greater China showed no symptoms of the IPO fatigue that appears to have affected the property IPOs that are in the market and which resulted in one of those four deals being withdrawn yesterday and another one hanging in limbo as of last night see separate story on our website today.
In stark contrast, the...
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