Mass Transit Railway Corporation: Retail without queues

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000 Issuer: Mass Transit Railway Corporation Deal: privatization IPO Amount: HK$10.8 billion Date: October 1 2000 Global co-ordinators: Goldman Sachs, HSBC, UBS Warburg         Simpson: a lot of work to create momentum When Hong Kong’s government went ahead with […]

Deals of the year: Tech and telecoms illustrate the ups and downs of 2000

Issuer: Mass Transit Railway Corporation
Deal: privatization
IPO Amount: HK$10.8 billion
Date: October 1 2000
Global co-ordinators: Goldman Sachs, HSBC, UBS Warburg





       
Simpson: a lot of work
to create momentum
When Hong Kong’s government went ahead with its first privatization it needed the deal to be perfect. And so it was.

The IPO of underground railway operator Mass Transit Railway Corporation was hugely oversubscribed and that at a time of dismal market conditions – the Hang Seng index had lost 20% since July.




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