Yuanda China Holdings, which makes curtain walls that cover the outside of buildings, plans to raise about $536 million in an initial public offering in Hong Kong, according to a term sheet seen by Reuters on Monday.
The company will start marketing the IPO to institutional investors on Monday and to retail investors on April 20.
Yuanda could raise up to HK$4.17 billion ($536.4 million) from the sale of 1.5 billion shares in a price range of HK$1.92 to HK$2.78 each, according to the term sheet. The deal is set to be priced on April 29, with trading scheduled for May 6.
The company has hired BOC International, JPMorgan Chase & Co, Deutsche Bank AG and Standard Chartered Plc as joint bookrunners.