Nothing jinxes IPO success for China Oriental

Steel billet maker China Oriental secured a HK$1.93 billion ($248 million) IPO at the very top end of its indicative range yesterday (Tuesday). With JPMorgan and Merrill Lynch as joint bookrunners, a 700 million share offering was priced at HK$2.75 per share after being marketed on a wide range spanning HK$2.10 to HK$2.75.