Baby formula maker China Feihe said to raise $856m in Hong Kong IPO

Baby formula maker China Feihe said to raise $856m in Hong Kong IPO

Photo: Tanaphong Toochinda/unsplash

China Feihe Ltd., a baby formula producer, raised HK$6.7 billion ($856 million) after pricing its Hong Kong initial public offering at the bottom of its marketed range, people familiar with the matter said.

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