The price translates to a price-to-earnings multiple of 31.12x based on YKA’s financial year 2019 recurring net profit and enlarged post-IPO share capital.
Wilmar’s 99.99%-owned subsidiary Yihai Kerry Arawana Holdings (YKA) has determined the issue price for its China IPO at RMB25.70 ($5.16) per YKA share.
The price was determined jointly with the sponsor and joint lead underwriter of the proposed listing China Securities, as well as China International Capital Co, the other joint lead underwriter of the proposed listing.
