Harbin to kick off roadshow ahead of $1bn IPO

The Northeast Chinese commercial bank is to brave souring investor sentiment by listing in Hong Kong later this month.

Harbin to kick off roadshow ahead of $1bn IPO
A branch of Harbin Bank

Bankers are preparing to kick off a roadshow for Harbin Bank, which aims to raise $1 billion in a Hong Kong listing later this month, making it the latest Chinese bank seeking to float its shares amid mounting concerns of a debt crisis on the mainland.

On offer will be 3 billion shares, or 27.5% of the enlarged capital. Of these, some 2.7 billion will be new shares, with a greenshoe option of 453.5 million...

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