Roadshow Holdings begins IPO roadshows

Investors say that the deal is being pitched at a roughly 25% discount to NAV at the mid-point of its indicative range. Offering 240 million shares, Roadshow Holdings has gone out with a HK$1.69 to HK$2.55 price range, equating to a p/e range of nine to 12 times 2001 earnings. Proceeds will amount to roughly HK$550 million ($70.6 million) at the mid-point of the range.