Blackstone-backed Bluestar Adisseo Nutrition Group cancels Hong Kong IPO
Bluestar Adisseo Nutrition Group, the Hong Kong-registered animal feed producer owned by Blackstone Group investee China National BlueStar (Group) Co., has scrapped its planned listing on the Hong Kong Stock Exchange this month, due to the sudden onset of market volatility.
The company earlier announced that it would price the IPO at between HK$3.5-5.25 ($0.45-0.68) per share for 2.3 billion shares. If it had sold the entire offering, the company would supposedly have raised...
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