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.
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Zhengzhou Coal is China’s biggest maker of hydraulic roof supports
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<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.

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