Chinese tea shop giant Sichuan Baicha Baidao Industrial aims to raise HK$2.5 billion (US$330 million) in a Hong Kong initial public offering (IPO), set to be the city’s largest new-share sale of the year.
The Chengdu-based company is offering 147.7 million shares at HK$17.50 each, for expected proceeds of HK$2.5 billion, after deducting underwriting commissions, fees and estimated expenses, assuming no overallotment option is exercised…
