Five years after its overwhelmingly popular IPO in Hong Kong, China Molybdenum is seeking to raise around $579 million from a new share sale in Shanghai.
The port builder cuts its Shanghai IPO to a quarter of its original size, just one day after China Oilfield Services scraps a planned $1.1 billion share placement.
The Chinese bank, which raised $2.8 billion from a Shanghai IPO in August, said it plans to tap the Hong Kong market by offering up to 12 billion shares.