Orchid-backed Time Watch raises $105m in Hong Kong IPO
Time Watch Investments has raised HK$810 million ($105 million) in its Hong Kong IPO after pricing shares at the top end of the indicative range. Orchid Asia participated as a cornerstone investor, taking just over one quarter of the 600 million shares offered.
Strong retail investor demand for this and other IPOs - there have been six in Hong Kong so far this year - suggests the backlog that built up over the course of 2012 might be partially cleared. A host...
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