NVC Lighting targets up to $272m in HK IPO
Tuesday, 4 May 2010
HONG KONG, May 3 (Reuters): Chinese lighting products supplier NVC Lighting plans to raise up to $272 million in a Hong Kong initial public offering, a source close to the deal said Monday.
The company, which kicked off its marketing road show Monday, was selling about 727 million shares, or 25 per cent of its enlarged share capital, at HK$2.03 to HK$2.90 each, the source said.
The source, who has direct knowledge of the offering, was not authorized to speak on the record about the deal.
Goldman Sachs and HSBC were underwriting the offering, the source said.
The company, which kicked off its marketing road show Monday, was selling about 727 million shares, or 25 per cent of its enlarged share capital, at HK$2.03 to HK$2.90 each, the source said.
The source, who has direct knowledge of the offering, was not authorized to speak on the record about the deal.
Goldman Sachs and HSBC were underwriting the offering, the source said.