China Youran Dairy said to have raised $643m in HK IPO

China Youran Dairy said to have raised $643m in HK IPO

A cow in a Chinese dairy farm. Photo: Bloomberg

China Youran Dairy Group raised $643 million in its Hong Kong initial public offering (IPO) by pricing its shares at the bottom of an indicated price range at HK$6.98 each, according to two sources with direct knowledge of the matter.