Chenming Paper IPO HongKong

Another IPO is set to hit the HongKong market. The Chenming Paper Holdings is planning to come out with its IPO or initial public offering very soon.
What is the size of the Chenming Paper IPO?
The Chenming Paper IPO from HongKong plans to raise upto $538 million from its initial public offering or IPO.

How many shares will be sold through the Chenming Paper IPO?
A total of 355.7 million shares will be sold by the Chenming Paper IPO in its HongKong listing IPO.

What is the price range of the Chenming Paper IPO shares?
The shares of Chenming Paper IPO are priced in the range of HK$9 and HK$11.80 per share.

What are the fundamental indicators and business valuations of the Chenming Paper IPO?
At the given price range, the Chenming Paper IPO shares have a price to earnings multiple of 9.6 to 12.6 times based on its 2008 earnings forecast.
Chenming Paper will be the first company with three types of shares -- yuan-denominated A shares, foreign currency B shares and Hong Kong-listed H shares -- listed on the exchange.

Macquarie and Guotai Junan are the sponsors of the deal. Let’s see how this IPO from Chenming Paper performs in the HongKong Markets.

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