25 September 2018

WH Group gathers 17 underwriters for US$5 bln IPO, WSJ says

WH Group, formerly called Shuanghui International Holdings Ltd., the Chinese pork producer that acquired US-based Smithfield Foods Inc. last year, has hired a record number of lead bankers to handle its US$5 billion Hong Kong initial public offering, indicating intense rivalry among underwriters for what could be Asia’s biggest IPO in the coming months, the Wall Street Journal reported Monday. The offering drew seven sponsors among its 17 underwriters, among the most for an IPO in Hong Kong, the report said. WH Group is expected to get listing approval in March for listing in April, it added.

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