China funeral company to soar in HK debut, leads spate of 1st day pops
HONG KONG Dec 19 (Reuters) - Fu Shou Yuan International Group Ltd, China's largest provider of funeral services, is set to jump 59 percent in its Hong Kong trading debut on Thursday, leading a pack of first-day trading pops in the city.
Shares in Fu Shou Yuan, in which private equity firm Carlyle Group LP and hedge fund firm Farallon Investors took a minority stake, were indicated to open at HK$5.30 compared with an IPO price of HK$3.33, according to Hong Kong stock exchange data.
Other companies also set to open sharply higher in their debuts included Kerry Logistics, indicated to open at HK$11.20 from the HK$10.20 IPO price and Consun Pharmaceutical , which was set to open at HK$5.00 from its HK$4.36 offering price.
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