ARCH sees 4.7x return from Goodbaby's public debut
Goodbaby International Holdings Limited, backed by ARC Capital Holdings Limited (ARCH), a closed-end investment firm with a focus on China, debuted on the Hong Kong Stock Exchange this week, raising HK$1.47 billion ($189.4 million). It issued 300 million shares, at HK$4.9 ($.63) per share.
The retail tranche of the offering was more than 1,450x oversubscribed, according to a company statement. The company further noted that Goodbaby is the third most-sought-after IPO in the Hong Kong Stock...
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