China Railway Construction, the Beijing-based infrastructure company, has relaunched its initial public offering and raised the value of the float to $5bn (â¬3.4bn), as the latest sign that emerging equity capital markets are regaining momentum after a recent slump.
CRCC, which delayed its float two weeks ago due to volatile markets, is set to relaunch its float on February 25, according to the prospectus quoted by online daily news service China Knowledge.
