China Ningbo Port sets listing date for $1.1 bln IPO
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China's Ningbo Port will make its trading debut on the Shanghai Stock Exchange on Tuesday after raising 7.4 billion yuan ($1.10 billion) in the country's third-biggest IPO this year, the company said on Monday.
Earlier this month, Ningbo Port priced its Shanghai IPO shares at 3.70 yuan a share -- the top of an indicative range, after the Chinese port operator slashed the size of its issue by a fifth as it faced a wobbly stock market.
Earlier this month, Ningbo Port priced its Shanghai IPO shares at 3.70 yuan a share -- the top of an indicative range, after the Chinese port operator slashed the size of its issue by a fifth as it faced a wobbly stock market.