Market Chatter: China's Guming Raises $232 Million in Hong Kong IPO

MT Newswires Live
02-10

Guming (HKG:1364) raised $232 million from its initial public offering in Hong Kong, Reuters reported Monday, citing a term sheet seen by the newswire.

The bubble tea maker priced the IPO on top of the HK$8.68 and HK$9.94 price range per share, the report said.

The Chinese company expects to disclose allocation results on Feb. 11, while shares will begin trading on the stock exchange on Feb. 12.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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