GF Securities prices $3.6b HK IPO

Chinese broker prices deal at top end amid upbeat sentiment towards rallying A-share market.

GF Securities prices $3.6b HK IPO
GF Securities' float benefitted from positive profit outlook for brokerage sector on the mainland

GF Securities has raised HK$27.9 billion $3.6 billion after pricing its Hong Kong initial public offering at the very top end of the indicative price range on Tuesday.

China’s fourth-largest broker by assets has executed the largest listing in Asia so far this year and could raise upto $4.1 billion post greenshoe.

The deal has generated strong demand from both institutional and retail investors who are taking the opportunity to buy...

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