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CNC Hong Kong Raises USD 1.14 Bln with IPO.
(From SinoCast China IT Watch)
HONG KONG, November 15, SinoCast -- Market sources say that CNC Hong Kong's initial public offering in Hong Kong was finished on December 10, and the company totally raised USD 1.14 billion here.
Goldman Sachs, Citibank, and China International Capital Corp. (CICC) are co-sponsors and co-lead banks for the IPO.
CNC Hong Kong shares for public investors started trading on December 9, and finished on the same day. The subscription is 30 times the offering. The shares for institutional investors began and ended on December 10. The subscription is seven to eight times the offering.
China Network Communications …
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