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Foshan Haitian Seeking to Raise Over $1 Billion in IPO - WSJ

1. Foshan Haitian aims to raise US$1.22 billion through IPO in Hong Kong. 2. IPO price range set at HK$35.00-HK$36.30 per share. 3. Proceeds will fund product development and global expansion efforts. 4. Hong Kong IPO activity is recovering with more Chinese companies listing. 5. Foshan's shares rose 0.2% to 41.80 yuan prior to listing.

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FAQ

Why Neutral?

Foshan Haitian's IPO indicates market interest, but CN is not directly involved. Historical examples show mixed effects of IPOs on unrelated stocks.

How important is it?

The IPO reflects market trends that could influence investor sentiment, indirectly affecting CN. Increased competition might alter market dynamics.

Why Short Term?

Immediate effects seen in market reactions; however, no long-term impact on CN expected. Similar past IPOs had temporary market effects.

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