2nd time lucky for WH Group

World biggest pork firm raises $1.9b in delayed HK initial public offering

WH Group Ltd raised more than HK$15 billion ($1.9 billion) in its second attempt to go public in Hong Kong, with the tranche for local retail investors oversubscribed by more than 55 times.

The world's largest pork processor received net proceeds of about HK$15.279 billion from its global fixed-price share offering of 2,6 billion shares at HK$6.20, the company said in a Monday statement to the stock exchange of Hong Kong.