It went from dud to darling in just three months. But now, three months further down the line, the pendulum appears to have swung back in the other direction for WH Group, with shares in the Henan-based pork producer now trading well below its IPO price.
After a highly publicised, failed first attempt at coming to market, pork producer WH Group sliced its offering and valuation, fired 27 banks on the syndicate, and finally managed to float its shares in July, raising $2.05 billion in the process.
WH Group relied on better market conditions, a more attractive price range and the shrunken banking syndicate to get...
¬ Haymarket Media Limited. All rights reserved.
