Chinese leasing company raises $658 million to drive lending

Despite an expensive valuation, Far East Horizon's offering attracts strong demand and bankers hope the deal will mark a turning point for Hong Kong’s quiet IPO market.

Chinese leasing company raises $658 million to drive lending
Far East provides equipment-based financial leasing to SMEs

Shanghai-based Far East Horizon is set to be the very first Chinese leasing company to list in Hong Kong after raising HK$5.13 billion $658 million in a Hong Kong IPO last week.

The deal, which is the second-largest so far this year next to Hongqiao’s $822 million IPO, required investors and analysts to wrap their heads around funding channels for Chinese small and medium-size enterprises SMEs, which is a sector that...

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