Chinese drinks maker Nongfu Spring raises $1.1b in Hong Kong IPO

Chinese drinks maker Nongfu Spring raises $1.1b in Hong Kong IPO

Photo: Nongfu Spring website

Chinese drinks producer Nongfu Spring will raise nearly $1.1 billion in its Hong Kong initial public offering (IPO) after pricing its shares at HK$21.50 each, according to two sources with direct knowledge of the matter.

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