Wison founder is now a billionaire

Thanks to a Hong Kong IPO.

A Bloomberg report said Hua Bangsong, the founder of Wison Engineering Services Co., became a billionaire after the company he started sold shares in Hong Kong.

“Wison Engineering raised a net HK$1.2 billion by selling 600 million shares in an initial public offering in Hong Kong in December. The Shanghai-based company sold 64.4 million shares under an over-allotment last week.”

View the report here.