Chinese IPOs

Sany Heavy braves market with $3.3 billion share sale

Sany Heavy Industry has seen off competition from rival issuer XCMG for its $3.3 billion IPO, while shoemaker Hongguo raises $147 million after pricing its shares at the bottom end.

<div style="text-align: left;"> Sany Heavy's 62-metre "Giant Giraffe" is helping to pump concrete at Fukushima </div>

Lillian Liu

September 20, 2011

Sany Heavy Industry, a Chinese machinery maker, braved wobbly markets to kick off roadshows yesterday for a planned HK$25.9 billion ($3.3 billion) initial public offering in Hong Kong.

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