Huishan Dairy prices at the top to raise $1.3 billion

The milk producer attracts strong demand from both retail and institutional investors, setting a positive trend for other IPOs in the pipeline.

As a domestic consumption play, Huishan Dairy operates in a sector that is one of the key focus areas for global institutions as they increase their exposure to China.

Anette Jönsson

September 19, 2013

China Huishan Dairy Holdings has raised HK$10.11 billion ($1.3 billion) from its initial public offering after fixing the price at the top of the indicated range. The vertically integrated milk producer will start trading on the Hong Kong stock exchange on September 27.

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