JS Global pulls Hong Kong listing amid trade gloom: sources [Reuters]
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Source: Reuters
JS Global pulls Hong Kong listing amid trade gloom: sources - Reuters 3 Min Read HONG KONG (Reuters) - Household appliances maker JS Global Lifestyle Company Ltd 1691.HK pulled its initial public offering of up to HK$3.62 billion ($464 million) on Saturday, the third float delayed in Hong Kong so far this year, two sources told Reuters. The IPO is among a handful of recent offerings seen as tests of investor sentiment as markets are already on edge amid a trade dispute between the United States and China. JS Global, which owns Chinese kitchen-appliances maker Joyoung and U.S. home-appliances maker SharkNijia, informed investors on Friday that it planned to price the IPO at the bottom of the indicative range of HK$5.55 to HK$7.25 a share, the sources said. That meant the company could raise about $355 million by selling 500 million primary shares at HK$5.55 apiece. However, sources said that while the books were covered for the IPO earlier this week, JS Global could not secure enough s
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