Cinda prices IPO at the top to raise $2.46 billion

Investors submit more than $60 billion of orders as renewed appetite for China, attractive valuations and strong cornerstone support outweigh concerns about the distressed asset manager.

Investors shrugged off warnings from numerous commentators and piled into the initial public offering of China Cinda Asset Management – the country’s first distressed debt manager to seek a public listing.

¬ Haymarket Media Limited. All rights reserved.

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