PE-backed WH Group targets $5.3b in HK IPO
WH Group, the PE-backed Chinese meat processing company that acquired US pork producer Smithfield Foods, is planning to raise as much as HK$41 billion ($5.3 billion) through a Hong Kong IPO.
The float - which could give the company a valuation of up to $21 billion - is set to be the world's second biggest IPO ever by a food and beverage firm after Kraft Food's $8.7 billion offering in 2001....
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