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Rongsheng raises $1.8bn from Hong Kong IPO

Rongsheng raises $1.8bn from Hong Kong IPO

Hong Kong: Rongsheng Heavy Industries raise $1.8bn from its initial public offering (IPO) in Hong Kong. The Chinese shipbuilder sold 1.75bn shares at HK$8 apiece raising HK$14bn making it the third biggest IPO in Hong Kong this year. The shipbuilders shares will start trading on Friday. [15/11/10]

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