EQUITIES: Man Wah Launches HK$3.4bn IPO
Man Wah launched roadshows for its Hong Kong IPO today (March 11). The deal comprises 289.3m shares (83.4% primary) at HK$8.50–$11.80 apiece to raise up to HK$3.4bn (US$438.7m). The price range represents a 2010 P/E of 10.1–14.1 times.
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