Greentown Service prices IPO above mid-point

Property management company secures support from strategic partners to get deal done in Brexit aftermath as retail demand falls short of target.

Greentown Service Group raised HK$1.55 billion ($200 million) from its initial public offering in Hong Kong on Tuesday but in the end relied on institutional investors to get the deal done as post-Brexit nerves and aggressive pricing put off some retail investors.

¬ Haymarket Media Limited. All rights reserved.

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