Guolian Securities flags attractive IPO valuation

Another day another Chinese brokerage as Guolian Securities launches its Hong Kong flotation and offers a compelling valuation to stand out from a crowded field.

Guolian Securities flags attractive IPO valuation

Guolian Securities launched its Hong Kong initial public offering on Monday, pitching the HK$3.143 billion to HK$3.65 billion $405 million to $471 million deal at an attractive valuation in an effort to capture investors' attention at a time when markets remain extremely choppy.

Last week's A-share market collapse has not provided a firm foundation for the lead managers to try to build momentum and does not auger well for the overall sector's likely...

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