Chinese seafood processor Haikui Seafood sold less than a fifth of the shares it was offering as it completed its listing on the Frankfurt stock exchange.
Its initial public offering (IPO) raised gross proceeds of around €2.8 million ($3.6 million) -- far below the €20 million ($25.9 million)-plus it had previously said it was expecting to raise.
“The demand was not as big as the company had hoped,” a spokesperson for Haikui in Germany told IntraFish. But the target was to list in Frankfurt, which they achieved, he said.
Haikui
