date:Apr 21, 2014
alaxy priced their IPOs near the bottom of their indicative ranges. PICC's stock has since fallen 10.3 percent, while China Galaxy's shares have slipped 5.1 percent.
The level of advice and the distractions are apparent in this transaction, one banker involved in the WH Group IPO said. The company would have gotten a better price with a smaller group, with more control of the message, over marketing of the deal.
WH Group tried to avoid potential confusion and conflict among bookrunners by nami