Zhengzhou Coal raises $296 million from Hong Kong IPO

Demand for the Chinese mining machinery company is lacklustre and the deal crosses the line only after at least one bookrunner steps in to provide support.
<div style="text-align: left;">
Zhengzhou Coal is China’s biggest maker of hydraulic roof supports
</div>
<div style="text-align: left;"> Zhengzhou Coal is China’s biggest maker of hydraulic roof supports </div>

Shanghai-listed Zhengzhou Coal Mining Machinery has raised HK$2.3 billion ($296 million) from its initial public offering in Hong Kong, after fixing the price at the bottom of the range late on Wednesday.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media