Storm clouds ahead? The IPO may prove a difficult sell with many wary about investing in Chinese financials.
The pre-marketing has started for the Hong Kong initial public offering of Hanhua Financial Holding, a Chinese microfinance company that aims to raise up to $400 million.
According to the term sheet, there will be 988 million H-shares on offer, with 148.2 million on greenshoe. The international roadshow will start on Monday, with the listing scheduled for March 10.
Hanhua Financial will use roughly 70% of the proceeds from the IPO for...