Baoxin Auto IPO Said to Raise About $415 Million in Hong Kong
Baoxin sold 379.3 million shares in the offering at HK$8.50 apiece, the people said, asking not to be identified as the information is private. The company had offered the shares at HK$8.50 to HK$10.80 each, according to the offering prospectus. About 328.7 million shares sold were newly issued by the company, while 50.6 million were existing shares.
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