4 companies launch Hong Kong IPOs

By Reuters

Jun 29, 2024 12:09 am

Cirrus Aircraft, a Minnesota-based small jet manufacturer, is aiming to raise up to $197 million by selling 54.87 million shares in a price range of HK$27.34 to HK$28 per share.

An IPO priced at the top of the range will value Cirrus at $1.3 billion and cornerstone investors have subscribed for about $109 million worth of shares available in the deal.

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