Dalian Port raises $856 million from Shanghai listing

The company settles on a relatively modest valuation in an attempt to avoid a poor secondary market performance.

Hong Kong-listed Dalian Port, the largest port operator in north China, has raised Rmb5.7 billion ($856 million) in a Shanghai initial public offering after pricing its shares at the mid-point of the indicated range.

¬ Haymarket Media Limited. All rights reserved.

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