Reuters logo
Chinese pork producer WH Group seen pricing HK IPO near bottom: IFR
April 28, 2014 / 5:06 AM / 3 years ago

Chinese pork producer WH Group seen pricing HK IPO near bottom: IFR

HONG KONG (Reuters) - China’s WH Group Ltd, the world’s biggest pork company, will likely price its Hong Kong initial public offering near the bottom of expectations, IFR reported on Monday, citing guidance sent to prospective investors in the deal.

Some of the products of WH Group are displayed at a news conference on the company's IPO in Hong Kong April 14, 2014. REUTERS/Bobby Yip

Hit by weak investor demand, WH slashed the size of the IPO last week by two-thirds to up to $1.9 billion.

IFR, a Thomson Reuters publication, said the revised deal had a “well oversubscribed” book and will likely be priced at the bottom of the HK$8.00-$11.25 per share range.

Reporting by Fiona Lau of IFR; Writing by Elzio Barreto; Editing by Edwina Gibbs

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below