WH Group Raises HK$15.3 Billion Net Proceeds From Hong Kong IPO
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WH Group, the world’s biggest pork supplier, will raise net proceeds of HK$15.3 billion ($1.97 billion) from a revived Hong Kong IPO.
The company offered 2.57 billion shares at HK$6.20 each, according to a statement to the Hong Kong stock exchange today. It may exercise a greenshoe option to sell an additional 385 million shares. Trading of the shares will start on August 5.