Chinese brokerage giant seeks to raise US$1.25 billion in Hong Kong’s largest IPO this year

//Chinese brokerage giant seeks to raise US$1.25 billion in Hong Kong’s largest IPO this year

Chinese brokerage giant seeks to raise US$1.25 billion in Hong Kong’s largest IPO this year

Shenwan Hongyuan, China’s sixth largest securities firm by market value, is seeking to raise as much as US$1.25 billion in Hong Kong’s largest IPO this year to replenish its capital and expand internationally.Shenwan, already listed on the Shenzhen Stock Exchange, is set to become the 12th Chinese brokerage firm with dual listings in Hong Kong and mainland markets.The firm, controlled by state-owned Central Huijin Investment, plans to sell 2.5 billion shares priced between HK$3.63 and HK$3.93…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-04-11T06:59:14+00:00 April 11th, 2019|Business|Comments Off on Chinese brokerage giant seeks to raise US$1.25 billion in Hong Kong’s largest IPO this year