Ningbo Port, the main operator of China’s second largest port of Ningbo, has raised RmB7.4bn (US$1.1bn) initial public offering (IPO) on the Shanghai Stock Exchange. The company, owned by the local government, set its offering price at the top end of the indicative range of RmB3.18-3.7, according to a filing to the Exchange, valuing the company at 29.3 times its 2009 earnings on a diluted basis.
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about 16 years ago
Lukewarm response to Ningbo Port IPO
Ningbo Port, the main operator of China’s second largest port of Ningbo, has raised RmB7.4bn (US$1.1bn) initial public offering (IPO) on the Shanghai Stock Exchange. The company, owned by the local government, set its offering price at the top end of the indicative range of RmB3.18-3.7, according to
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