PE-backed Gambol Pet trades up after $220m China IPO
Gambol Pet, a Chinese mass-market pet food manufacturer backed by KKR and Legend Capital, has traded strongly since raising CNY 1.6bn (USD 220m) through a domestic IPO.
The company sold approximately 40m shares at CNY 39.99 apiece, according to a filing. The stock ended its first day of trading on Shenzhen’s Chinext board on August 16 up 46% at CNY 58.45. It closed...
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