KKR-backed Rundong Auto launches $138 HK IPO
Rundong Automobile Group, a Chinese car dealership company backed by KKR, has launched its Hong Kong IPO today with a view to raising up to HK$1.07 billion ($138.1 million).
The offering consists of 268.62 million shares in an indicative range of HK$3.58 to HK$3.98. The IPO is to be priced on August 5, with the trading of shares to commence on the Hong Kong stock exchange...
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