Huatai raises $4.5b through HK IPO

Huatai raises $4.5b through HK IPO

Carried by the strong post-listing market performance of Chinese brokerages, HTSC's Hong Kong float qualifies as the largest regional offering of the year.
The Southeast Asian nation prices the largest single-tranche Islamic bond ever despite volatile market conditions, obtaining a total order book of $6.8b.
Hong Kong commemorates the birth of the Buddha with a bank holiday Monday.
Accelerated placement nevertheless allows Keppel Infrastructure Trust to secure the pricing needed to fund power plant acquisition.
A key architect of CIMB's acquisition of RBS businesses in Asia is joining HSBC to become regional head of large corporates for commercial banking.
Investors viewed the pricing of the e-commerce company's ADRs as too dear, despite backing by backing by Alibaba and SoftBank.


How deep will job cuts run at investment banks this year?

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Banks have already right-sized themselves
Banks will continue to jettison the lowest performing 5%-10%
Downsizing will go well beyond the lowest performing 5%-10% to as much as 30%
Aggressive hiring and lower fees since 2010 require radical cuts
None of the above - we expect to increase our headcount this year


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