Chinese pork producer WH Group will seek a valuation of up to $21.2bn when it lists in Hong Kong later this month, in what is expected to be the city's biggest initial public offering since AIA.
WH Group – formerly called Shuanghui International – will raise as much as $6bn from its Hong Kong IPO, where the investor roadshow began last week, reports the FT's Josh Noble.
Primary proceeds, the amount raised through the sale of new shares, will be between $3-$4.2bn.
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