Reuters scoops details of planned $1 bln Mongolian HK IPO

Reuters scooped rivals on July 13 with news that Mongolian coking coal company Energy Resources is planning to raise as much as $1 billion in a Hong Kong IPO as early as September. Reuters identified the location, size, timing, and underwriters for the deal, Citi and JP Morgan. The story was unmatched by rivals Bloomberg and Dow Jones, and widely picked up by local and international media.