Source:
https://scmp.com/business/companies/article/1822666/legend-holdings-opens-books-hk15-billion-ipo-hong-kong Companies
Legend Holdings opens books for HK$15 billion IPO in Hong Kong
Legend Holdings biggest shareholder in Lenovo
The statue of a bull eyes the flag of Hong Kong Exchanges and Clearing as Legend Holdings, the biggest shareholder of Lenovo, is holding an IPO in one of the larges to be held in Hong Kong this year. Photo: AFP
Investment company Legend Holdings will look to raise up to HK$15.18 billion in one of the largest Hong Kong initial public offerings so far this year.
The company, the largest shareholder of Chinese computer maker Lenovo Group, said it expects trading in its shares to start on June 29.
The offering price for shares is expected to fall between HK$43.00 and HK$39.80 per share.
Local media reported that more than 20 cornerstone investors have subscribed to about half of the offering.
Legend would join the ranks of several other major offerings in Hong Kong this year, such as those from GF Securities and HTSC.