PE-backed Guoquan Food raises $52.5m in Hong Kong IPO
Guoquan Food, a Chinese hotpot ingredients supplier that now positions itself as a one-stop home meal solutions brand, is trading at a 8.8% premium to its IPO price following a HKD 411.4m (USD 52.5m) Hong Kong offering.
The company sold 68.8m shares at HKD 5.98 apiece, according to a filing. Cornerstone investors covered more than half of the offering. The stock closed flat on November 2, but rallied in early trading...
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