China: Acotec prices HK IPO at top of range to raise HK$1.63bn

Chinese medical device company Acotec Scientific priced its Hong Kong IPO at HK$23.80, the top end of the HK$22.60 – HK$23.80 marketing range, to raise HK$1.63bn (US$210m). The deal for Acotec, a medical device company in China focusing on vascular diseases, attracted US$105m in pre-pricing orders from cornerstone investors: China Universal AM (US$20m), CPE (US$10m),…