WH aims to raise $2b in scaled-down public float

WH Group Ltd is set to raise $2.05 billion in a scaled-down Hong Kong initial public offering, a person with direct knowledge of the transaction said on Tuesday.

It will be the Chinese pork producer's second attempt to list this year after investors rebuffed a pricier deal.

WH Group, the world's biggest pork producer, will sell shares at a fixed price of HK$6.20 (80 cents) each on Wednesday, valuing the company at 11.5 times estimated 2014 earnings, said the person who declined to be identified because the matter is not yet public.