Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Stocks / IPOs
 Search News  Or
Haitong Securities to raise US$1.77 bln via HK IPO

Apr. 16, 2012 (China Knowledge) - Haitong Securities Co Ltd<600837>, China's second-largest brokerage firm by total assets, plans to launch its initial public offering in Hong Kong with fundraising of up to US$1.77 billion, said a person familiar with the matter.

The person added that the company intends to issue 1.23 billion shares at an indicative price range of HK$10.48 to HK$11.18 apiece.

The Shanghai-listed brokerage firm would start taking orders from institutional investors tomorrow and to list on the Hong Kong Stock Exchange on Apr. 27.

Late last year, Haitong Securities was ready to sell nearly 1.23 billion shares at a price range between HK$9.38 and HK$10.58 to start the HK IPO, but eventually postponed the deal due market volatility.

The company is the second-largest brokerage firm in China by total assets after CITIC Securities Co<600030><6030>, which started its IPO in Hong Kong last October with fundraising of US$1.7 billion, sources reported.

Add this     
Copyright © "2015"

Send feedback or comments to:

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services


 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved