KKR’s China Modern Dairy IPO sees modest yield
Kohlberg Kravis Roberts & Co. (KKR) investee China Modern Daily, one of the largest domestic dairy farm companies in China, listed in Hong Kong last week, targeting to raise HK$3.5 billion ($448 million).
The company opened trading on the HKSE on Nov 26th at HK$2.80 ($0.36), slightly lower than its set IPO price of HK$2.89 ($0.37), and saw an overall 13% slide on its first trading day. KKR made a series...
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