China-based pork producer WH Group has raised US$2.1 billion in an initial public offering on the Hong Kong Stock Exchange. Backed by China-focused private equity firm CDH Investments, Singaporean sovereign wealth fund Temasek Holdings and global banking, securities and investment management group Goldman Sachs, WH Group offered 2.57 billion shares at a price of HKD6.20 (approximately US$0.80) per share. The deal could include an additional 385.1 million shares if underwriters exercise an overallotment option, which would bring the total value of the transaction to US$2.4 billion.