Posted inPMV

Zoomlion reaches IPO target in Hong Kong sale

Zoomlion reaches IPO target in Hong Kong

Zoomlion reaches IPO target in Hong Kong sale
Zoomlion reaches IPO target in Hong Kong sale

Chinese manufacturer Zoomlion has raised HK$13.03 billion ($1.68 billion) from its Hong Kong share sale.

The sale falls in between the company’s target of raising US$1.57-$2.1 billion from the initial public offering (IPO) in Hong Kong.

At the end of the nine-day roadshow, the deal attracted about 250 institutional investors, primarily from Asia and the US, said analysts.

Â