Warburg Pincus-backed Sunshine 100 raises $259m via HK IPO
Sunshine 100 China Holdings - a commercial and residential real estate developer backed by Warburg Pincus - has raised about HK$2 billion ($259 million) after pricing its Hong Kong IPO at the bottom of the indicative price range.
The company offered 500 million shares at HK$4 apiece, compared to the proposed range of HK$4 to HK$4.80. According to the prospectus, the company plans to use 60% of the IPO proceeds to buy new projects...
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