KKR-Backed ZJLD Is Said to Raise $675 Million in Hong Kong IPO
- Liquor maker sold shares near the bottom of marketed range
- Firm is set to be the first baijiu maker to list outside China
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Chinese liquor company ZJLD Group Inc. raised HK$5.3 billion ($675 million) in Hong Kong’s largest initial public offering this year, after pricing shares near the bottom of a marketed range, according to people familiar with the matter.
The KKR & Co.-backed firm sold about 490.7 million shares at HK$10.82 each, the people said, asking not to be identified as the information is private. The shares were marketed at HK$10.78 to HK$12.98. Their first day of trading is slated for April 27.