Morgan Stanley-backed China Flooring kicks off Hong Kong IPO
Morgan Stanley Private Equity-backed China Flooring Holding, one of the largest wood flooring brands in China, has launched its initial public offering in Hong Kong, and expects to raise HK$1.57 billion ($201.8 million) in the process.
Its offering price has been set between HK$2.95-$4.2 ($0.38-0.54) apiece. Morgan Stanley, HSBC and Standard Chartered are the joint global coordinators, bookrunners and sponsors. China Flooring is set...
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