PE-backed AsiaInfo raises $115m in Hong Kong IPO
AsiaInfo Technologies, a Chinese telecom software provider that was privatized by a CITIC Capital-led consortium in 2014, has raised HK$899.3 million ($115 million) in its Hong Kong IPO.
The company sold approximately 85.7 million shares, excluding the overallotment option, at HK$10.50 apiece, according to a filing. This represented the bottom end of the indicative range. Four cornerstone...
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