Youyuan shows IPOs can still get done in Hong Kong

The Chinese paper manufacturer raises $83 million after pricing its offering at the bottom of the range.

Youyuan International Holdings, a Chinese manufacturer of wrapping tissue paper, has raised HK$645 million $83 million from a Hong Kong initial public offering. The offering, which was priced on Thursday last week, comes in the wake of several other Hong Kong IPOs being either postponed or cancelled and shows that new listings can still get done even in the current volatile environment.

To be sure, this was a small deal, although often it may be even more difficult to drum up interest for a small offering as it can be expected to be a lot less liquid. And liquidity is something investors tend to prioritise when the secondary markets are volatile.

Between April...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222