The company on Wednesday sold 30.4 million American depositary shares for $20 each after marketing them for $16.50 to $18.50, according to terms of the deal obtained by Bloomberg News.
The company’s backers include Tencent Holdings Ltd., according to its filings with the U.S. Securities and Exchange Commission. Each depositary share will represent four ordinary shares. The listing follows 33 others on U.S. exchanges this year by companies based in China and Hong Kong that raised a combined $9.74 billion, according to data compiled by Bloomberg. Despite the coronavirus pandemic, that’s more than double last year’s total of about $4 billion raised in 35 listings.The offering is being led by Goldman Sachs Group Inc. and Bank of America Corp. The shares are expected to begin trading Thursday on the New York Stock Exchange under the symbol MNSO.
Source: News Formal (newsformal.com)
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »
Kiss of death? Trump offers smooches, thanks Jesus, jigs to gay anthem, fibs about the pollsThe US president is back from his Covid-19 hiatus and feeling ‘powerful’ as he sprouts forth his usual rhetoric
Source: SundayTimesZA - 🏆 47. / 51 Read more »
More than 10 million early votes in U.S. presidential electionU.S. voters have cast more than 10 million votes for the Nov. 3 presidential election, significantly outpacing the early vote in 2016.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
More than 10 million early votes in US presidential election - studyUS voters have cast more than 10 million votes for the Nov. 3 presidential election, significantly outpacing the early vote in 2016 and suggesting a large turnout, according to data compiled by the US Elections Project.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
More than 10 million early votes in US presidential election - studyUS voters have cast more than 10 million votes for the Nov. 3 presidential election, significantly outpacing the early vote in 2016 and suggesting a large turnout, according to data compiled by the US Elections Project.
Source: TimesLIVE - 🏆 28. / 59 Read more »
While Table Mountain seeks travel awards, criminals eye hikers for rewardsAs the City seeks to garner support to have Table Mountain win as the best travel destination in Africa at the World Travel Awards, the hiking fraternity has raised concerns that crime on the mountain might escalate this summer season.
Source: IOL - 🏆 46. / 51 Read more »