US$1.8 billion IPO for China Rongsheng

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    China Rongsheng Heavy Industries Group Holdings (Rongsheng) has launched a Hong Kong initial public offering (IPO) and global offering, raising US$1.8…

    China Rongsheng Heavy Industries Group Holdings (Rongsheng) has launched a Hong Kong initial public offering (IPO) and global offering, raising US$1.8 billion. The listing included a Hong Kong public offering and a Regulation S/Rule 144A international offering.

    The issuer is China's largest private shipbuilder and one of the leading large-scale heavy industry enterprise groups. Should the joint global coordinators exercise the over-allocation option, the deal could potentially increase in value to over US$2 billion.

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