Hong Kong’s retail investors are elbowing for shares in Chinese pork producer Huisheng International, South China Morning Post reported. The strong demand for the company bodes well for the possible April listing of WH Group, China’s biggest pork producers formally known as Shuanghui International. WH bought the US pork firm Smithfield Foods last year and will look to raise up to US$6 billion in an IPO this year. A lack of Chinese meat-sector listings has made little-known Huisheng International popular. Its IPO, priced late Friday, generated retail demand 20 times the US$37 million shares on offer in the first day of subscription.
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