China's bottled water firm Nongfu Spring to raise $1.1b in Hong Kong IPO

China's bottled water firm Nongfu Spring to raise $1.1b in Hong Kong IPO

Photo: Nongfu Spring website

Chinese drinks maker Nongfu Spring will raise up to $1.08 billion by pricing its shares between HK$19.50 to HK$21.50 ($2.52 to $2.77) in its Hong Kong initial public offering, according to its prospectus.