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Sunshine Oilsands eases after $580 mln Hong Kong IPO
March 1, 2012 / 1:36 AM / 6 years ago

Sunshine Oilsands eases after $580 mln Hong Kong IPO

HONG KONG, March 1 (Reuters) - Shares of Canadian oil explorer Sunshine Oilsands Ltd fell slightly on its trading debut in Hong Kong on Thursday after raising about $580 million in an initial public offering.

The Calgary-based company, backed by Chinese state-owned enterprises including a unit of Bank of China Ltd , opened at HK$4.85, after pricing its IPO at HK$4.86 per share, the bottom of an indicative range. (Reporting by Elzio Barreto; Editing by Chris Lewis)

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