China Merchants Bank Co
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Chinese nickel producer's deal size takes a hit due to 'gloomy' market outlook -
Lewis Chan switches jobs after three years at Bank of Communications
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Rare deal is covered before launch but bankers warn the listing may be a 'one-off'
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Deal will happen before December despite frosty IPO market
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Nickel miner gets a few cornerstones, but deal size is likely to be trimmed
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IPO priced after bookbuilding extended by over a week
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The blank cheque firm is targeting HK$1bn ($127m)
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Deal pushed back by a few days, with pricing now likely at the bottom end of guidance
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A group of 14 banks formed the syndicate, allowing the borrower to boost the deal size
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Firm will become the first metaverse company to list on the HKEX
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Bookbuilding launched on Monday morning, with cornerstones taking up about 36% of the deal
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The metaverse focused company is finalising valuations and cornerstones before hitting the market
