Economy News Shares

Yum China Holdings Advises Listing Price HK$412 Each


Yum China Holdings Inc. is telling prospective investors it plans to price its listing that is 2nd in Kong at HK$412 per share, putting it on program to improve HK$17.3 billion ($2.2 billion), based on people acquainted with the matter.

The New company that is york-listed which runs KFC and Pizza Hut in the world’s most populous country, is selling 41.91 million stocks within the offering. A price of HK$412 would represent a 4.9% discount to its closing expense of $55.92 on, according to Bloomberg calculations thursday. The fee that is final be determined later on Friday, the individuals said, asking not to be identified since the information is private. A representative for Yum China did not immediately respond to calls or e-mail comment that is looking for.

Yum China is joining a slate that is growing of Chinese companies aiming for a trading foothold in Hong Kong as relations involving the U.S. and Asia come under significant strain. U.S. regulators are threatening to limit Chinese firms’ access to capital that is american if they do not allow authorities to review their audits.

The trend is a boon to Hong Kong, which is riding a wave of investor enthusiasm for initial general offerings that are public the city amid high liquidity and stocks that are rising. The city is scheduled to get a big boost from the mega IPO of Jack Ma’s Ant Group, which may raise about $30 billion through a dual listing in Hong Kong and Shanghai, Bloomberg News has reported along with second listings such as Yum China’s.

Other u.S.-listed companies that are chinese have actually done share sales in Hong Kong include Inc. and NetEase Inc. which raised $7.6 billion between them in June. A number of other firms can also be preparing 2nd listings within the town, from data center operator GDS Holdings Ltd. to service that is e-commerce Baozun Inc. Yum China Holdings Inc. is telling prospective investors it plans to price.


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