China Securities Finance Launches $1.1bn Hong Kong IPO Next Monday

[kreslik.news]

Chinese brokerage China Securities Finance Co Ltd plans to raise about $1.1 billion in an initial public offering on the Hong Kong Stock Exchange to help fund its growth expansion among other things, marking one of the region’s largest IPOs of 2016. The company plans to price its offering next Monday, making CSF the fourth mainland brokerage to go public this year, according to a Thomson Reuters publication on Thursday.

CSF said it plans to issue 1.13 billion shares priced between HK$6.36 and HK$7.26 (US$ 0.81 and US$0.93) each, raising HK$8.2 billion ($1.06 billion) if the share price went at the ... (read more)