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Miniso is raising less money in its Hong Kong IPO after US stocks tumble

July 8, 2022
Source: trading-u.com trading-u.com
News Snapshot:
Miniso is raising less money in its Hong Kong IPO after US stocks tumble Markets By Sydney Barrett Last updated Jul 7, 2022 Share What’s new: Miniso Group Holding Ltd., a New York-listed retailer of budget home and consumer goods, announced late Wednesday that its Hong Kong dual primary listing had been priced at HK$13.80 ($1.80) per share , a 37.6% discount to the top price in a previously announced range. After deducting subscription fees and other costs, the final offer price will allow Muji’s challenger to raise HK$476 million through the issuance of 41.1 million common shares, 90% of...
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