Chinese liquor distributor Silver Base Group on Friday priced its initial public offering at the top of the range after a strong secondary market gave investors the confidence to buy in. The final price of HK$3.45 per share enabled the company to raise HK$1.03 billion $133 million, putting it exactly on par with Real Gold Mining as the largest Hong Kong IPO this year.
Real Gold's share price initially fell after its February 23 debut and at one point was trading as much as 28% below the IPO price. However, it has been clawing its way back in line with the rebound in the broader market and on Friday closed at HK...
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