Here’s how Naspers’ bankers executed the world’s largest block sale of Tencent shares without crashing Hong Kong’s market

//Here’s how Naspers’ bankers executed the world’s largest block sale of Tencent shares without crashing Hong Kong’s market

Here’s how Naspers’ bankers executed the world’s largest block sale of Tencent shares without crashing Hong Kong’s market

A sleepless, white-knuckled night awaited bankers at Goldman Sachs, Morgan Stanley and Citigroup on April 7 after the Hong Kong stock market closed, as they checked in with colleagues half a world away on Zoom Video Communications’ conferencing software.Over the next six-and-half hours late into the night, the Hong Kong-based bankers worked frantically with dealers in New York, Tokyo, London and San Francisco to match buy and sell orders in the world’s largest-ever block trade at HK$114.17…

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By | 2021-04-24T02:00:07+00:00 April 24th, 2021|Technology|Comments Off on Here’s how Naspers’ bankers executed the world’s largest block sale of Tencent shares without crashing Hong Kong’s market