Tibet 5100 Water Resources Holdings has raised HK$1.38 billion ($177 million) from its initial public offering and will become the first Tibetan company to list in Hong Kong when it starts trading on Thursday. The producer of bottled mineral water overcame the negative sentiment towards IPOs and was able to fix the price just below the mid-point of the offering range last Friday.
¬ Haymarket Media Limited. All rights reserved.
