Sunshine Insurance Is Said to Consider Pricing HK IPO at Bottom
- Company would raise $863 million at low end of range
- Listing is the largest in Hong Kong since CALB’s IPO
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Sunshine Insurance Group Co. is leaning toward pricing its Hong Kong initial public offering at the bottom of its marketed range, according to people familiar with the matter.
The Beijing-based firm is weighing whether to sell 1.15 billion new shares at HK$5.83 apiece, the people said, asking not to be identified because the information isn’t public. At that price, the listing would raise about HK$6.7 billion ($863 million), Bloomberg calculations show.