Record syndicate for WH Group IPO

摘要

Chinese pork producer wh group, which acquired US-based Smithfield Foods last year, has hired 28 banks to arrange its Hong Kong IPO of US$5bn-$6bn, setting a record for the number of bookrunners for an Asian flotation. The line-up will smash the record that China Galaxy Securities set last May when it hired 21 banks to arrange its US$1.1bn IPO, and underlines the extent of competition for a role on Hong Kong's biggest listing since ALA went public in 2010.