Photo from ZJLD Group

China's ZJLD Group seeks to raise $6.37b in HK IPO

It is offering a total of 490.7 million shares.

Chinese liquor maker, ZJLD Group, plans to raise $6.37b (US$811.5m) from its Hong Kong IPO.

According to Reuters, ZJLD Group's IPO is the largest in the city for 2023.

Based on a bourse filing, the baijiu maker will offer 490.7m shares, subject to the over-allotment option.

Of the total shares to be issued, 49.1m are Hong Kong offer shares, and 441.6m are international offer shares.

The company will price the IPO at no less than $10.78 and no more than $12.98.

The shares will begin trading on the stock exchange on 27 April, 9 a.m. 
 

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