Ironclad: Hengshi Mining’s $164m IPO covered at launch

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Ironclad: Hengshi Mining’s $164m IPO covered at launch

Mining 1

China’s Hengshi Mining Investments started receiving bids for its HK$1.28bn ($164m) IPO on November 18. With the deal already covered by anchor support and cornerstone investors before launch, the Hebei based company is looking to wrap up bookbuilding in three days.

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