Instant cup noodle maker 32 times oversubscribed

Nissin Foods has closed its retail book, reporting its retail tranche was 32 times oversubscribed, meaning the company has raised about HK$951 million from its initial public offering.The Japanese cup noodles maker will price the float at HK$3.54 a share, near the lower end of the indicative price range of between HK$3.45 and HK$4.21. Trading debut is set for Monday.The company — a spin-off of To… Nissin Foods has closed its retail book, reporting its retail tranche was 32 times oversubscribed, meaning the company has raised about HK$951 million from its initial public offering.

Original published: 2017-12-05 21:12:48 Read the full Osaka News here


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