Updated: Red Star glides into top pricing for $931m IPO

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Updated: Red Star glides into top pricing for $931m IPO

Sponda shopping centre 230x150

Red Star Macalline Group Corp priced its IPO in Hong Kong at the top of the range on June 19, raising HK$7.22bn ($931.34m) for the furniture retailer-cum-shopping mall owner that has been dubbed China’s answer to Ikea.

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